Issue 222 iLocal Dictionary goin’ strong still, Bobo! Page 7
iJamaica BCQS appoints new key staff member Page 15
iLocal Bolt’s home away from home Page 21
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CAYMAN Britain set for budget plans Page 4 OUR EYE, YOUR NEWS
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WEDNESDAY | 21 MAR 2012
WESTSTAR: “NO SALE” Photo by Christopher Tobutt
Mystery over proposed TV station deal Tad Stoner
tad.stoner@ieyenews.com
Mystery surrounds the $80 million sale of WestStar TV, Cayman’s only cable-TV operator, to a US company controlled by global telecommunications expert Robert Taylor. iNews Cayman has seen the 10page application to subscribe to shares in the acquiring company, Cayman Taylor Cable Holdings, and a 13-page investment prospectus for the acquisition. The prospectus, dated February 2012 and titled “Project Island”, describes itself as an “investment summary”, and states Mr Taylor “has a definitive agreement to acquire WestStar Ltd “, naming the $80 million purchase price, “plus another $10 million in a possible earnout” for a “total consideration of $90 million.” An “earn out” is an additional price paid for a company, based usually, on future earnings, providing an incentive for
National Gallery weaves relationships Page 6 Walkers admits four new Caymanian attorneys Page 8
April summit should be last without Cuba Page 9 Cayman to host football tournament Page 22
Sterling efforts from Cayman Pirates Page 24
Cool evening, coolest clothes Cayman model, Nadine, wearing a strapless dress by Body Glove with Ipanema flip-flops - just one of the beachwear outfits on display during a fashion show at Royal Palms which
featured many different outfits and many top male and female models. The show was part of the Making Waves Fashion and Boat Show put on by Kirk Marine. Full story on page 3
Continued on page 5
TODAY’S WEATHER MAINLY SUNNY HIGH LOW 86°F 75°F