Caribbean Media Company, Verticast Media has announced its acquisition of one of Jamaica’s Free To Air Television stations, CVM TV.
This news comes on the heels of Verticast launch of its sports channels CSport and cSport2 and its growing issues with Flow and Digicel.
Headed by Oliver McIntosh, Vertcast will acquire CVM Television Limited from Portland Holdings Limited. Oliver MacIntosh is an experienced Media professional who helmed Sportsmax for over two decades before its sale.
Founded in 1990 and operating since 1993, CVM Television Limited operates Jamaica’s second-largest television station, CVM TV, and CVM+ a secondary channel for extra content, sports, and entertainment.
“VertiCast’s acquisition of CVM-TV is another step in our strategic vision to create a truly regional media company with unprecedented regional and intra-island reach. CVM-TV creates significant operational and strategic value for VertiCast, allowing centralized distribution of multiple channels over-the-air, on cable television and through its recently launched app. In the coming days we will announce immediate, unprecedented enhancements to CVM-TV programming.”
Olly McIntosh, VertiCast President & CEO, expressed that,
Portland Holdings Limited is owned by Michael Lee-Chin who acquired the company in 2006.
VertiCast broadcast rights include FIFA World Cup Qatar 2022, England’s Premier League, the NFL, all national team football from Europe, and EURO 2024/2028 across the Caribbean.
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