There’s an ongoing battle for ownership of the mega-million dollar newspaper, Newsday. The company launched by Daniel Chookolingo in 1993, is getting no media publicity because two years after its launch, the daily immediately became the fastest selling newspaper in Trinidad and Tobago outstripping the then 30-year old Trinidad Express and the mighty Guardian which was then over 75 years old. Both newspaper and their vast billion dollar media outfits have remained silent since the case was filed in the High Court in 2014.While Newsday’s up-to-date value remains shrouded, there was a valuation done a decade ago which put its worth at over $200 million dollars. Sources close to Mr Chookolingo says this is a bogus value which was given by the Steve Castagne controlled board to buy out minority shareholders to gain full control of his company.
