Marianas Variety

Last updateSat, 21 Jul 2018 12am







    Saturday, July 21, 2018-8:54:06P.M.






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Marianas Variety Guam has new owner

HAGÅTÑA — Marianas Variety Guam has been purchased from Younis Art Studio Inc. of Saipan by Guam Times LLC. The companies announced the purchase yesterday.

Guam Times LLC said it is excited about the newspaper’s growth potential under the continuing 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 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.”

Guam Times is owned by Ho S. Eun, the founder and owner of Core Tech International Corp.

“The publisher, the newsroom, and the staff all are committed to a higher standard of journalism,” Eun said. “What makes 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.”

Younis Art Studio is a Saipan-based corporation that publishes Marianas Variety News & Views. It entered the Guam market about 15 years ago as Guam Variety before re-launching Marianas Variety Guam in 2004.

“Our Guam operation grew into a newspaper of general circulation and a member of the mainstream media that gave balance to the field of print journalism on Guam,” said YAS president Laila Younis Boyer. “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.”

Guam Times officials assured subscribers and vendors there will be a seamless transition in ownership. They need not worry about making any changes to their relationship with Marianas Variety Guam. Operations will continue as normal without interruption. Guam Times LLC and the Variety staff are handling all transition matters.

Core Tech was founded by Eun in 1991 as Sun Woo Corp., a Guam construction company focused on commercial, office, retail and residential projects. In 1999, Sun Woo was reorganized into Core Tech International to specialize in civil and infrastructural works.