Posted at 1:46 p.m., Thursday, July 6, 2006
OHA board abandons plan to study KGMB purchase
Advertiser StaffThe Board of Trustees of the Office of Hawaiian Affairs voted 4-2 today to abandon a proposal to explore the purchase of local television station KGMB.
The vote comes one day after an OHA committee voted 4-1 to appropriate $50,000 to conduct due diligence in considering the acquisition of the station.
"I'm sorry we didn't have more time to really discuss this opportunity," trustee Oswald Stender said in a news release. "But let's move on. My heart is not broken."
Stender and trustee Rowena Akana voted in favor of exploring a bid for KGMB. Voting in opposition were trustees Donald Cataluna, Linda Dela Cruz, John Waihe'e, and Haunani Apoliona, OHA chairwoman. Excused from the meeting were trustees Boyd Mossman, Colette Machado and Dante Carpenter.