JP Leader Gasim Ibrahim acquires Miadhu News

Resort tycoon, Jumhoree Party (JP) Leader and MP, Judicial Services Commission (JSC) member and owner of VTV Gasim Ibrahim has acquired the assets of Miadhu News, the Maldives’ second oldest newspaper.

Sun Online reported that Gasim bought the paper for MVR 500,000 (US$32,500), and that staff were transferred to the payroll of Gasim’s Villa media group.

Minivan News understands that newspaper Haveeru – the country’s most widely circulated newspaper – is also up for sale.