Biz Buzz: PPP’s perfect attendance
By the staffThe government’s Public-Private Partnership (PPP) projects may be slow to get out of the starting blocks, but one certainly cannot accuse officials of the PPP Center of sleeping on the job.
The government’s Public-Private Partnership (PPP) projects may be slow to get out of the starting blocks, but one certainly cannot accuse officials of the PPP Center of sleeping on the job.
GMA Network Inc. has cried foul anew over unresolved technical problems at SkyCable, the country’s leading pay-TV provider, that has led to the former’s top-rated flagship Channel 7 being relegated to channel 99.
Broadcasting giant GMA Network (GMA 7) has kept its lead on television ratings over rivals for January based on the latest Nielsen TV survey.
The country’s top television firms continued to butt heads in the nationwide ratings race ahead of the 2013 mid-term polls, which is seen to result in a windfall for the broadcast industry given the expected surge in political ad spending.
BROADCAST giant GMA Network Inc. will likely miss its full-year profit target of P2.3 billion due to weaker-than-expected advertising spending across the entire media industry.
Television giant GMA Network Inc. grew its third-quarter profit by nearly a tenth, reversing the year-on-year decline seen in the first half of the year, due largely to higher ad revenues supported by improved ratings.
When word got out early this year that businessman Manuel V. Pangilinan was in talks to acquire GMA Network Inc., shares of the country’s second-largest broadcast firm immediately shot up with the expectation that the telco executive would pay a big premium for a shot at the lead in the competitive television industry.
As soon as businessman Manuel V. Pangilinan saw that a prospective P52.5-billion deal to take over the “Kapuso” network GMA 7 was crumbling, MVP saw it as God’s sign that he should instead focus on getting his “Kapatid” network TV 5 in good shape, BizBuzz sources said. But how can he plug the P4-billion financial hemorrhage of a challenger to a duopoly?
Businessman Manuel V. Pangilinan’s bid to acquire a controlling stake in local broadcasting firm GMA Network Inc. has been aborted the second time around.
GMA Network Inc. continued to lead in total day nationwide television ratings, according to data from research firm AGB Nielsen.
Philippine Long Distance Telephone Co. chairman Manuel V. Pangilinan has likened the kinks over the talks with selling shareholders of GMA Network Inc. to a lovers’ quarrel, or “LQ.” But what is really the source of the LQ? Is it enough to be a deal breaker?
The group of Philippine Long Distance Telephone Co. (PLDT) remains hopeful that a deal on the acquisition of GMA Network Inc. will push through.
