Just a year ago Starcom Network kicked its Gospel Station 97.5 to the curb. CEO Vic Fernandes explained the move that the programming on 97.5FM will merge with that on VOB92.9. Starcom Network needed the frequency to operate the newly launched Caribbean Superstation also there was the usual spin about operating efficiency. The merge generated some negative feedback from a segment of VOB’s fan base but in the end dollars and cents won the argument. With the launch of Christ is the Answer radio station their prayers were eventually answered.
OCM, the Port of Spain parent of Starcom, announced last week that it made a net profit before tax of USD11.2 million dollars. It was a seven percent increase over the same period in 2011. OCM and LIME will be remembered by BU as two of the large companies operating in Barbados which decided to ditch employees at the start of the recession. The plea from the social partnership to protect jobs fell on deaf ears.
Of interest in the regional news this week, OCM launched a gospel station W107.1FM.