Cbu Close

Cribbean Broadcasting Union?

Why did CBU closed down its news department last year?

The Caribbean’s premier news agency has been forced to abruptly close and to appeal for help from the region’s businesses and governments. The Barbados-based Caribbean Media Corporation (CMC), in a statement, described the shutdown as ”temporary”. It cited ”a significant decline in business activities, particularly in the last few months” and said the shutdown was necessary to undertake ”urgent financial restructuring.” At least 50 of the company’s 54 employees have been laid off and few expected it to reopen.

“They’ve announced it is a temporary closure but it’s a definite closure,” said Rickey Singh, a veteran Caribbean journalist who served as regional affairs correspondent.

The fate of the company now hinges on bailout talks that began Sunday between CMC’s Board of Directors and member governments of the Caribbean Community (CARICOM). CMC also is seeking investment from the private sector.

On the agenda of this week’s talks in Turks and Caicos are questions about what will happen to the 50 CMC employees who were laid off and ideas for a more “viable and profit-oriented” strategy for the future, according to CMC Chairman Lester Spaulding.

CMC’s apparent demise brings to an end 25 years of operations for the Caribbean News Agency (CANA), an innovative region-wide service often hailed as a success among Third World media. CMC was formed just over a year ago to bring together print, radio, television, and Internet services previously provided separately by CANA and the 16-year-old Caribbean Broadcasting Union (CBU).

Management said the temporary closure meant “suspension of services of CANA Radio, CANA Wire and CBU television services.”

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