Following an eviction notice last week, Fiji Television has managed to solve the impasse with its landlord, the Fiji Public Service Credit Union (FPSCU), a company statement confirmed yesterday.
The commercial television station is a subsidary of Fijian Holdings Limited, whose Group CEO, Nouzab Fareed, oversaw negotiations yesterday.
“After lengthy negotiations today (yesterday) between Fiji TV and FPSCU brokered Fijian Holdings Limited Group CEO Nouzab Fareed, both parties have resolved to come to a commercial agreement moving forward,” the statement said.
Negotiations were attended by Fiji TV CEO, Geoffrey Smith, Fiji TV General Manager Corporate, Nitesh Chand, and FPSCU General Manager, Jone Koroi.
Mr Fareed said the TV station had a business to run and that it would be best to focus on its core business by resolving such operational matters as efficiently as possible.
“FPSCU General Manager, Jone Koroi says he was also pleased with the outcome of today’s talks and was glad to continue the long cordial relationship they have enjoyed as a landlord with Fiji TV dating back to 1994.”
In separate media reports, Mr Fareed is quoted as saying that Fiji TV’s tenancy at the Gorrie St property had been extended until December.
Fiji TV has been paying its rent on a roll over basis since 2008, when its tenancy agreement with the FPSCU expired.