Previous Story
Fong group acquires Glimpses Publication
|
Posted on Dec 08 2005
The owner of the Subway chain of restaurants on Saipan and Guam has diversified into advertising and publishing, recently acquiring Glimpses Publication.
Glimpses publishes Guam Business, Marianas Business Journal, Marine Drive and Beach Road magazines, and R&R Pacific.
Marcos Fong, managing director of Glimpses Guam, confirmed that his team has purchased the publication.
“Our group is honored to be selected as a successor… we found it to be a fit into our current group of companies by providing synergistic business relationships,” said Fong in an email this week to Saipan Tribune.
The Fongs have been in the region for over two decades now.
They are also affiliated with Coca-Cola Beverage Co. Micronesia, Coca-Cola Co. Guam, and Foremost Foods.
Fong said there are no planned changes for Glimpses Publication right now.
He said all current publications will continue to run.
“We will continue to grow Glimpses of Guam and reinforce our position as the market leader in the advertising and publishing industry,” he said.
He added, “there is always room for improvement. We will strive to bring in new ideas and bring value to our readers.”
Fong said that Maureen Maratita, the former editor of Marianas Business Journal is now its publisher, replacing Stephen V. Nygard.
The editor now is Jay Pascua.
Other than these changes, Fong said that all staff will be retained.
He said the publication has about 25 staff on Guam and Saipan.
