Bahamas Press is reporting former General Manager of the Broadcasting Corporation, Sandra Knowles, has assumed control of the Nassau Guardian as General Manager. The announcement comes on the heals of a fallout between the two morning dailies. The fallout we can now report with the Tribune resulted the ultimate BREAKUP of its Joint Operation Agreement [JOA].
Tribune [TOILET PAPER] staffers we know were ordered off the Nassau Guardian’s property and ordered by Ferguson to “Carry along with them its ‘sack of tricks’ in which they attempted to bury the paper as the worse in the Bahamas.
We can now confirm former head of the Guardian Group of Companies, Anthony Ferguson, will focus attention on the now ‘shaky’ COLINAIMPERIAL and its new Ansbacher Bank acquired by Colina.
It was in early June this year when AF Holdings Limited had reported that it had secured full Government approval to complete its acquisition of Ansbacher (Bahamas) Limited from the Ansbacher Group. Ansbacher (Bahamas) Limited merged with the AF subsidiary Sentinel Bank and Trust Company Limited owned and operated by the Colina Group.
Upon the acquisition Anthony Ferguson, Director of AF Holdings Limited, said “We are truly delighted to conclude the purchase of Ansbacher (Bahamas) Limited, a matter that has been on our agenda for some while. We believe this acquisition is an excellent strategic fit that will significantly expand our product offerings and capabilities in some important lines of business – resulting in economies of scale that will bring considerable value to our clients and make our collective operations that much stronger.”
Knowles was a former consultant at the Nassau Guardian. The newspaper is also facing a $1.5 million lawsuit in the Supreme Court.