Latest Stories

Lopez-led network eyes windfall from campaign ads

ABS-CBN Corp., led by the Lopezes, remains confident of earning a windfall from campaign ad placements in 2013, despite the possible negative effects of a Commission on Elections (Comelec) ruling that limits the airtime for politicians.

Officials on Thursday also said revenues from regular advertisers would also continue to surge, in view of the continuing growth of the economy.

“If you look at the first three months, it’s significantly better than the last quarter of last year and even the same quarter in 2007,” ABS-CBN chief financial officer Rolando Valdueza said, comparing the company’s performance so far this year with 2007, the last time mid-term elections were held.

Earlier, ABS CBN reported a net income of P1.71 billion for 2012, down by 29 percent from P2.42 billion in 2011.

Removing the effects of the gain from the sale of investments recognized in 2011 amounting to P1.032 billion, its recurring net income rose by 23 percent.

“The growth in recurring income was fueled by strong advertising revenues and consumer sales,” it said in a statement.

ABS-CBN posted a consolidated revenue of P31.7 billion from advertising and consumer sales, a 13 percent increase from year-ago level.

ABS-CBN’s advertising revenue reached P19.1 billion, an increase of 8 percent from a year ago.

Consumer sales amounted to P12.7 billion, posting a 19 percent increase. Sky Cable remained a major driver of growth with revenue rising by 32 percent to P5.9 billion.

“The growth in revenues is partly attributable to the acquisition of Destiny Cable,” the company said.

Total operating and other expenses increased by 12 percent to P26.2 billion brought about by increases in production costs, cost of sales and services, and general and administrative expenses.  Paolo G. Montecillo

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: ABS-CBN , Business , political ads , Television

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Cardinal Tagle: Start new life with true peace
  • ‘Dry spell’ delayed, thanks to busted valve
  • At 77, Erap has Easter treat for Manila cops but keeps City Hall folk in agony
  • Joy Belmonte defends council, waste-to-energy tech
  • House bill seeks special body to manage, protect Manila Bay
  • Sports

  • Pacquiao top Mayweather contender
  • Rain or Shine, Ginebra clash for No. 6 spot
  • Ateneo eyes quarterfinal spot vs Benilde
  • Style contrast marks OneFC ‘Rise of Heroes’
  • ‘Pacquiao a great ambassador for basketball’
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • Why ‘Noah’ can’t dock his ark at Philippine theaters
  • Acclaimed artist goes wild while on holiday
  • Believing in this mermaid
  • Missing Xian
  • Awarded TV couple brings Jesus’ life to the big screen
  • Business

  • Top-selling insurance agent opens her dream café
  • Connecting and transacting with one another
  • Building wealth for health
  • Why Mandaue Foam buys, rather than rents, space
  • A workplace of new possibilities
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Epiphany
  • Unpaid creditor vs distressed debtor
  • Moving on
  • From culinary desert to paradise
  • Response to China: ‘Usjaphil’
  • Global Nation

  • Cesar Chavez movie sparks memories of Fil-Am labor leaders
  • Filipinos in US poised for success
  • Visas for priests and other faith leaders
  • DOH to continue tracking co-passengers of OFW infected with MERS virus
  • 5 Filipinos with MERS in UAE reported in stable condition
  • Marketplace