In a move that is set to shock many industry persons and the general public alike, he has agreed to move back to the station he spent a decade of his radio years with.

We can confirm that a deal was reached weeks ago. Bola Ray becomes CEO of the company which is run by Kwesi Twum.

EIB already has more than 7 properties in radio, television and print as well as online, and is set to roll out additional ones. Multimedia also comes to the deal with a huge asset lineup.

The new company will be known as EIB Multimedia.

More soon.