Madison Technologies, Inc. (OTCQB:MDEX) has acquired two Class A television broadcast stations, KNLA-CD and KNET-CD, in Los Angeles for $10 million. This strategic purchase aims to enhance Sovryn.TV's free-to-consumer OTA video broadcast platform, creating immediate cash flow benefits. The company plans to expand its portfolio significantly, targeting up to 100 stations nationwide within 12-14 months. The OTA market is expected to grow, with consumers increasingly favoring alternatives to cable. Innovations like NextGen TV technology will further enhance viewer experience and engagement.
Madison Technologies Inc. (OTCQB:MDEX) has announced the launch of Brookland Jewelry through its subsidiary, Posto Del Sole. This Brooklyn-based collection features 14kt and sterling silver pendants and rings, with prices starting at $180. In support of the community, 25% of sales will be donated to the Arthur Ashe Institute for Public Health. The jewelry line aims to embody Brooklyn's motto, 'In Unity There is Strength.' Madison Technologies focuses on underserved consumer segments, positioning itself for growth in the jewelry market.