SCOTTSDALE, AZ , Dec. 05, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – CBMJ Inc. Conservative Broadcast Media & Journalism (CBMJ) today announced that it has executed an LOI with LTV Streaming Inc. whereas CBMJ will acquire certain assets owned and used by LTV Streaming Inc.
The transaction which is expected to be completed by the end of the month include LTV assets used in the conduct and operation of its streaming news network and other related assets which promote and provide media, news, and entertainment to a Conservative and Christian audience.
In exchange for the assets CBMJ is paying $2,300,000 in the form of 15,333,333 restricted shares of CBMJ having an agreed value of $0.15 per share.
Mark Schaftlein, CEO of both Conservative Broadcast Media & Journalism and Capital Consulting Inc., says, "Adding the platform reach, reputation, and future revenues from the assets ...