FTC staff recommends clearing Observer-Gleaner joint venture

The Fair Trading Commission’s (FTC) staff has raised no objection to a proposed joint venture to print the Jamaica Observer and The Gleaner at a central location under a jointly owned entity. The FTC’s executive director, David Miller, will make the final determination based on the staff’s recommendation. “The FTC should issue its non-objection to the parties regarding this joint-venture transaction,” according to the report published on the FTC’s website last week. The FTC staff was satisfied that competition would remain.