Ken Williams, a businessman with ties in Jamaica and the United States, has acquired majority shares in Hot 102 FM radio from the CVM Group.
Williams was CEO of Hot 102 for one year before the deal, which closed on December 31, 2013. He is now the principal shareholder.
The radio station has struggled financially over several years, but Williams says that with his connections to Caribbean communities abroad he plans to monetise Jamaican music in ways never tried before.
“We are very, very optimistic,” he said of business prospects for the station.
Published in The Gleaner
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