CBMJ Completes Patriot.TV Asset Sale, Reduces Capital Requirements and Accelerates Path Toward Contemplated Strategic Acquisition

About this update from Conservative Broadcast Media & Journalism Inc.

[{"type":"text","content":"\r\n\r\n \r\n \r\n CBMJ Completes Patriot.TV Asset Sale, Reduces Capital Requirements and Accelerates Path Toward Contemplated Strategic Acquisition\r\n \r\n \r\n\r\n\r\nCBMJ Completes Patriot.TV Asset Sale, Reduces Capital Requirements and Accelerates Path Toward Contemplated Strategic Acquisition\r\n\r\n\r\n\r\n\r\n\r\nCompleted transaction enhances financial flexibility, sharpens strategic focus and positions CBMJ for its next chapter. ATLANTA, GA / ACCESS Newswire / April 8, 2026 / CBMJ (OTCID:CBMJ) today announced that it has completed the sale of all assets of its subsidiary, Patriot.TV, to 521 Discern Media, LLC. Additional details regarding the transaction will be included in the Company's upcoming financial disclosures. \r\n \r\n \r\n \r\n \r\n \r\n The completed transaction marks an important turning point for CBMJ by reducing capital requirements, enhancing financial flexibility and strengthening its ability to advance its contemplated acquisition strategy and broader corporate vision.\r\n \"This transaction gives CBMJ a stronger platform for the future,\" said Mark Schaftlein, CEO of CBMJ. \"It enables us to streamline the Company, concentrate on our highest-value opportunities and move ahead with greater strategic flexibility. We are proud of Patriot.TV's accomplishments and pleased to see its mission continue, while CBMJ is now better positioned to pursue the next chapter of its growth.\"\r\n CBMJ views the transaction as both a financial and strategic win. The sale unlocks value from Patriot.TV while removing the capital demands associated with operating and scaling the subsidiary, leaving the Company leaner, more focused and better positioned to direct resources toward higher-priority opportunities.\r\n CBMJ is proud of what Patriot.TV achieved under its ownership and is pleased to see the asset transition in a manner that honors its mission, brand and development. The Company believes this outcome reflects CBMJ's commitment to being thoughtful stewards of the assets it builds.\r\n With reduced financial demands and greater strategic flexibility, CBMJ is now better positioned to advance its contemplated strategic acquisition and expanded vision, details of which the Company expects to provide as they are finalized.\r\n About CBMJ:Conservative Broadcast Media & Journalism (OTCID:CBMJ) is focused on pursuing st...

More updates from Conservative Broadcast Media & Journalism Inc.