KINGSTON, Jamaica – Radio Jamaica Limited (RJL) has secured judicial authorization to implement a comprehensive corporate restructuring plan that will merge multiple subsidiaries into a unified entity. The Supreme Court of Judicature of Jamaica formally sanctioned the arrangement on February 19, involving five key subsidiaries: Multimedia Jamaica Limited, Independent Radio Company Limited, Gleaner Online Limited, Reggae Entertainment Television Limited, and Jamaica News Network Limited.
The court-approved scheme will become legally effective upon filing the official order with the Registrar of Companies. This strategic consolidation will result in all five entities being amalgamated under the RJL corporate umbrella, with the parent company assuming complete control over their combined assets, liabilities, and ongoing operations.
This organizational transformation is designed to streamline the media group’s corporate architecture and enhance operational coherence across its diverse multimedia platforms. The restructuring received crucial regulatory endorsement when Jamaica’s Broadcasting Commission issued a favorable recommendation on February 27, specifically supporting proposed license modifications for Independent Radio Company to be presented to the Minister of Information.
Concurrently, RJL has initiated discussions with both the Broadcasting Commission and Spectrum Management Authority regarding temporary suspension of broadcast licenses and allocated spectrum for two of its radio stations: Power 106FM and HITZ 92FM. This request aims to create operational flexibility to address significant transmission infrastructure challenges exacerbated by Hurricane Melissa’s impact.
During this potential suspension period, RJL will concentrate technical resources on optimizing transmission coverage and service quality at its flagship stations, Radio Jamaica 94FM and FAME 95FM. The company is simultaneously conducting strategic evaluations regarding the long-term viability of both HITZ 92FM and Power 106FM, with divestment possibilities for one or both stations under serious consideration.
RJL maintains a dominant position in Jamaica’s media landscape through its diversified portfolio encompassing free-to-air television broadcasting, cable television channels, radio stations, and integrated print/digital news platforms. The company’s shares are publicly traded on the Jamaica Stock Exchange under the ticker symbol ‘RJR’.