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GraceKennedy Lands Media Rights To High School Sports Events
Published:Sunday | August 2, 2015Camilo Thame
An aerial view of the National Stadium on the final day of the ISSA/GraceKennedy Boys and Girls' Athletics Championships in March 2015.
GraceKennedy (GK) has secured the media rights to all Inter Secondary Schools' Sporting Association (ISSA) events for the next 15 years.
While the group of companies has been a long-time supporter of sports at the secondary level - it spends around US$1 million a year sponsoring Boys and Girls Athletics Championship (Champs) alone - the joint venture with ISSA marks the food and financial conglomerate's entry into media, through its investment arm, GK Capital.
A special purpose vehicle, Greenfield Media Productions, in which GraceKennedy has controlling interest, has been set up, and negotiations with potential media partners for several sporting events are advanced.
"We believe we can maximise the value of the media rights of school boy and girl sports in Jamaica," the conglomerate's group CEO, Don Wehby, told Sunday Business.
GraceKennedy Lands Media Rights To High School Sports Events
Published:Sunday | August 2, 2015Camilo Thame
An aerial view of the National Stadium on the final day of the ISSA/GraceKennedy Boys and Girls' Athletics Championships in March 2015.
GraceKennedy (GK) has secured the media rights to all Inter Secondary Schools' Sporting Association (ISSA) events for the next 15 years.
While the group of companies has been a long-time supporter of sports at the secondary level - it spends around US$1 million a year sponsoring Boys and Girls Athletics Championship (Champs) alone - the joint venture with ISSA marks the food and financial conglomerate's entry into media, through its investment arm, GK Capital.
A special purpose vehicle, Greenfield Media Productions, in which GraceKennedy has controlling interest, has been set up, and negotiations with potential media partners for several sporting events are advanced.
"We believe we can maximise the value of the media rights of school boy and girl sports in Jamaica," the conglomerate's group CEO, Don Wehby, told Sunday Business.
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