Hurley’s Media Group, the owners of Rooster FM radio and the Cayman 27 television channel, among other entities, has bought Vibe 98.9 FM and Spin 94.9 FM to add to its growing broadcasting business.
The company, which completed the purchase of Cayman 27 in July, confirmed in a press release Thursday that it has acquired the radio stations.
The purchase is subject to approval of the Information and Communications Technology Authority.
Randy Merren, managing director of Hurley’s Media, said there are no immediate plans for changes at either station.
He said the move expands the company’s broadcasting reach, and there is natural crossover between television and radio.
“This purchase will further establish Hurley’s position in the radio market and enable us to benefit from the growth in radio advertising.
“The two radio stations will complement our existing radio and newly acquired television stations, enabling deeper inroads with advertisers across all platforms.”
The Hurley’s Media Group also owns Island 24, Discover Cayman, Daily Deals and Z99.9FM.
DMS also owns four radio stations.
Mr. Merren added, “These recent acquisitions put us in a prime position to uniquely cater to the radio and television needs of the Cayman Islands market with a wide variety of quality programming across the board.”
Kenny Rankin, of Paramount Media Ltd., said the company finalized the sale of the two radio stations after more than three years of discussions.