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Nahil back in media biz

Sep 8, 2011 7:03:08 PM - www.ft.lk

Business tycoon Nahil Wijayasuriya is back in the media business after selling off his previous venture a few years ago.
East West Properties said yesterday it purchased 51% of People’s Media Network Pvt. Ltd., at a cost of Rs.49.3 million.

People’s Media Network operates nine radio frequencies and two TV frequencies issued by the Telecommunications Regulatory Commission. The company is a private radio and TV broadcasting company which has a licence to operate a radio and TV network in Sri Lanka.
The Network currently operates 9 radio frequencies and two television frequencies.

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