Friday, 03 June 2016 21:07

No decision yet - CNMG, GISL continue operations

Written by C News
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There's no word yet on a final direction for State-owned companies Caribbean New Media Group (CNMG) and Government Information Services Limited (GISL).

At the Board Appointment Ceremony on Friday, the Minister of Communications, Mr. Maxie Cuffie, said so far, there are four different options for the direction of the two companies, but they are still awaiting word from Terrence Farrell's team.

The findings of the public consultations were presented to the team in February 2016.

"Both companies are now before the Committee on State Enterprises that seeks to examine whether they have fulfilled their mandate, whether they can fulfill their mandate and looking at the operations of all the companies."

But what is the direction for CNMG? Many are of the view that the company was on the verge of shutting down.

Minister Cuffie said the data from the consultation will assist in making a final decision when the analysis is complete.

"We got four different options for the direction of CNMG. We did not decide on which of the four options we should take. We put them all before the Committee on State Enterprises."

After looking at the report, the Committee will make recommendations to Cabinet, where they will make a final decision.

"In the meantime, CNMG, like GISL, like GHRS, continues in operations. CNMG delivers a news product and it also delivers entertainment programming."

While they examine their findings, Minister Cuffie said Government is taking a closer look at the State entities. 

"I received a report from the Central Audit Committee of the Ministry of Finance that had disturbing findings on the operations of GISL and CNMG over the last five years and that report will form part of the determination."

CNMG is the only profit oriented company. It was close to getting the kind of results that it was originally intended to achieve in 2010.

"But by 2014, those losses had mounted to $5.9 million. So we lost a lot of time and a lot of money over that five year period."

The Minister commented on the future of State Media as he delivered official letters of appointment to new members of the CNMG/GISL Board and the GHRS Board.

The Acting Chairman, Timothy Affonso, is now officially the Chairman of the CNMG/GISL Board. Two new members were also presented with their instruments of appointment. They are Gillian Pollidore and Adana Castellano Jones.

The members of the GHRS Board are Nicole Crooks, Zaida Hosein Rajnath, and Solange De Souza Ransome.

Minister Cuffie said it was necessary to have a properly constituted Board for all the companies.

Read 577 times Last modified on Tuesday, 21 June 2016 09:17
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