Casiano Communications

Update: Casiano Communications and Direct ResponSource Inc. went into Chapter 11 bankruptcy protection in 2014. In August 2015 the Puerto Rican courts approved the acquisition of Casiano Communications by Latin Media House LLC which took over all publications in December 2015. Latin Media House, based in Puerto Rico, has stated that the focus for its lead publication, Caribbean Business, will be a digital edition featuring pages dedicated to news from Puerto Rico, Dominican Republic, Cuba, and other Caribbean areas. There will also be an effort to direct this publication to the readership of many Puerto Ricans living on the U.S. mainland. The founder and editor-in-chief of defunct Casiano Communication, Manuel Casiano, will serve in an advisory capacity to the new ownership. group. New owner Ferrer Faass & Co LLC (FFCO) is headed by President Miguel A. Ferrer, ex-chairman of UBS Financial Services of Puerto Rico and Heiko Faass, ex-CEO at Charlotte Square Capital Ventures. Ferrer left UBS in July 2014 as an FBI investigation began into illegal practices at UBS relating to sales of UBS closed-end proprietary bond funds.