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One Caribbean to take over Citadel
Citadel Limited has confirmed that it has entered into an acquisition agreement with One Caribbean Media Group (OCM), the parent company of CCN. The agreement was signed yesterday. It will facilitate the acquisition of the assets of Citadel by OCM. The agreement will ensure the protection of jobs and talent of the Citadel, a spokesman said.
It also will guarantee continuity of the quality of the radio network of three stations. The stations are I95.5FM, Red96.7 and HITZ 107.1FM One Caribbean Media Limited owns the Trinidad Express newspaper and the Nation Newspaper in Barbados.