It was chaired by Fernance B. Perry, a prominent entrepreneur in Bermuda, until his death.
ZFB was originally the call sign for the radio and TV stations of the Capital Broadcasting Company from 1965 to 1984.
In 2009, a strike by 40 unionized employees in April 2009, halted all programming at the company's radio and television stations for four days.
Perry said that changes in work rules and staff pay were needed "to help a financially ailing company".
The work stoppage was settled, and normal operations resumed on 21 April, after government mediation.