Public Service Media, also known as PSM Maldives, is a state-owned public broadcaster headquartered in the Maldives. Founded in 1978, and employing approximately 20 individuals, the company reported $6.0M in revenue as of 2023. Functioning as a tier 2 media tech buyer, PSM was formed in 2015 to replace the former Maldives Broadcasting Corporation, with a mandate to provide television, radio, and online media services to the public. The company operates a range of national brands, including the primary channel Television Maldives (TVM), the 24-hour news channel PSM News, the national radio service Dhivehi Raajjeyge Adu (Voice of Maldives), and several other themed TV and radio channels.
Economic Minister Mohamed Saeed announced on an unspecified date the implementation of the Preferential Trade Agreement (PTA) between the Maldives and Turkey within two months, following its approval by the Turkish parliament. Separately, Public Service Media (PSM) Managing Director Ibrahim Nasreen reportedly receives his salary while residing in Malaysia after delegating responsibilities to the Deputy Managing Director. A discussion between YouTube executives Pedro Pina and Evan Shapiro addressed developments in YouTube and its collaborations with European public service media, though no date was specified. PSM also noted the increasing value of archives as data sources for AI training and their contribution to the company's public service mission; no date was provided for this announcement. Finally, research from Channel 4, released earlier this year, highlighted Gen Z's declining trust in news and democratic institutions, prompting discussion on how public service media can rebuild this trust.
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Public Service Media offers products in the media and telecoms services industry. Public Service Media's product portfolio comprises of broadcast television and radio.
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Public Service Media's revenues were less than $10M in 2023. All the revenue comes from linear (national channel groups).
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