Core Tech Owner Ho S. Eun Buys Guam Variety

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“Guam Newspaper Now Locally Owned,” trumpets new owner in media release.

Guam – The Marianas Variety has been sold to a company called Guam Times LLC.

 

 

 According to a press release Guam Times LLC purchased the Marianas Variety from Younis Art Studio this past week. Guam LLC is owned by businessman Ho S. Eun who is also the founder and owner of Core Tech International Corporation. According to the release Amier Younis will remain as publisher. Younis is quoted in the release as saying “Guam has seen the growth of the variety over the past 10 years. We’re excited Guam Times, LLC wants to help the variety do what it takes to grow even more. Our readership and advertiser base has been growing because our readers know we are committed to journalism, the truth, and community development. Variety’s growth will mean the growth of journalism and accountability on Guam.” Previous owner Younis Art Studio is a Saipan-based corporation that publishes the Marianas Variety News & Views. The company has been publishing in the CNMI for over 40 years. Younis Art Studio entered the Guam market about 15 years ago as Guam Variety before relaunching the Marianas Variety Guam edition in 2004. Guam Times LLC owner Eun is quoted as saying “The publisher, the newsroom, and the staff all are committed to a higher standard of journalism. What makes the variety so successful is the independence of their newsroom. It’s a great operation. We see the potential and the value of investing in this market. We are a local company that wants to engage residents with great journalism backed up by local ownership. We’re excited to give it the local support it needs to flourish.” The new owners assure the public that there will be a seamless transition in ownership. 

 

READ FULL PRESS RELEASE BELOW:

 

Guam newspaper now locally-owned

Guam Times, LLC to enhance newspaper’s operations

 

For immediate release

February 3, 2015

Contact: Amier Younis: (671) 649-1924

 

Guamanians can be proud that one of Guam’s two major newspapers now is locally-owned. Guam Times, LLC purchased the Marianas Variety Guam from Younis Art Studio this past week. Before then, Guam’s two major newspapers were owned by off-island companies.

 

Guam Times, LLC is excited about the newspaper’s growth potential under the leadership of its publisher, Amier Younis, and his team.

 

“Guam has seen the growth of the Variety over the past 10 years,” Younis said. “We’re excited Guam Times, LLC wants to help the Variety do what it takes to grow even more. Our readership and advertiser base has been growing because our readers know we are committed to journalism, the truth, and communimty development.Variety’s growth will mean the growth of journalism and accountability on Guam.”

 

Guam Times, LLC is owned by Guamanian businessman Ho S. Eun.  Eun also is the founder and owner of Core Tech International Corporation.

 

“The publisher, the newsroom, and the staff all are committed to a higher standard of journalism. What makes the Variety so successful is the independence of their newsroom. It’s a great operation. We see the potential and the value of investing in this market. We are a local company that wants to engage residents with great journalism backed up by local ownership. We’re excited to give it the local support it needs to flourish,” Eun said.

 

Previous owner Younis Art Studio is a Saipan-based corporation that publishes the Marianas Variety News & Views. The company has been publishing in the CNMI for over 40 years. Younis Art Studio entered the Guam market about 15 years ago as Guam Variety before relaunching the Marianas Variety Guam edition in 2004.

 

“Our Guam operation grew into a newspaper of general circulation and a member ofmainstream media that gave balance to the field of print journalism on Guam,” Younis Art Studio President Laila Younis-Boyer said. “The CNMI is entering a new economic era, and our company wants to focus where we started, on our core. We are happy with the direction Guam Times, LLC wants to take the Guam operation, and we look forward to the newspaper’s success.”

 

Subscribers and vendors can be assured there will be a seamless transition in ownership. More importantly, they can be excited about the additional value that will come from advertising in a locally-owned newspaper. They need not worry about making any changes to their relationship with the Marianas Variety Guam. Operations will continue without interruption and as normal. Guam Times, LLC and the Variety staff are handling all transition matters.

 

We will continue to serve Guam.