Channel 5 independent of Telemedia and GOB takeover

And that be told, if you are wondering about the future of Great Belize Productions/Channel Five, even before the move was taken to nationalize Telemedia, the Board of Directors met in emergency meeting and approved a dividend to Telemedia’s shareholders of the entire issued share capital of Katalyst Developments Limited, the owner of this company. According to a release by Telemedia, the Board felt it was important that this television broadcasting company not form part of the nationalized assets to continue to allow for an unbiased voice in the media. The Telemedia Board approved the immediate payment and distribution by way of dividend in specie, of the entire issued share capital of Katalyst to shareholders. What this means is that the takeover of Telemedia will not include Great Belize Productions/Channel Five and we will continue to provide our viewers with the same quality of programming.