POWDER SPRINGS, GA – (NewMediaWire) – August 31, 2023 – CBMJ Inc. Conservative Broadcast Media & Journalism (OTC:CBMJ) today announced that it has agreed to purchase American Media Periscope () for $2.25 million dollars, solidifying the combination of two powerhouse “new media” companies in the patriot media world.
The acquisition of AMPNews is expected to generate revenues of $3,000,000 for the 2023 year. Under the terms of the LOI, CBMJ will issue a $2.0M non-interest bearing note payable over 5 years and issue 2.5M shares of Restricted Common stock.
Conservative Broadcast Media & Journalism is publicly traded under the symbol CBMJ.
, the Founder of AMPNews has been battling censorship of his network for years saying, “It’s time we join forces in this information war and this merger with CBMJ will play a huge part in empowering the patriot movement towards victory with truth in news. This is the breakthrough moment that patriot media needs, and that Americans everywhere want.”
Kris Edelkamp, CEO of AMPNews will continue to run daily operations over the TV network which is currently the home of nearly 20 highly popular independent broadcast news and entertainment shows.