on Conservative Broadcast Media & Journalism, Inc. (NASDAQ:CBMJ)
Patriot.TV Joins Forces with 220 Enterprises for Media Expansion
Patriot.TV, a subsidiary of Conservative Broadcast Media & Journalism, has formed an equity partnership with 220 Enterprises, LP, a Texas-based firm. This partnership grants 220 Enterprises a 40% equity stake in Patriot.TV, following a financial restructuring that significantly reduced CBMJ's debt by 45%.
CBMJ CEO, Mark Schaftlein, expressed excitement over the collaboration with 220 Enterprises. The partnership aims to enhance Patriot.TV as a premier platform featuring diverse written and video content. Patriot.TV seeks to capture a significant audience share by offering reliable and engaging media alternatives in a fragmented market.
Patriot.TV's revamped platform offers daily news and a broader range of programming across various distribution channels like Rumble and Roku. The platform expects revenue growth through sponsorships, targeted advertising, and a new membership program.
R. H.
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