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PLDT shelves plans to buy GMA 7 stake


Philippine Long Distance Telephone Co. (PLDT) has shelved for a third time plans to acquire a stake in GMA Network Inc., which operates one of the country’s biggest television networks, its top official said.

Posted: March 5th, 2014 in Headlines | Read More »

ABS-CBN, GMA 7 claim ratings lead


ABS-CBN Corp., the media holding company of the Lopez clan, claimed nationwide ratings lead for January while rival GMA Network Inc. said it continued to dominate the viewer-rich Urban Luzon and Mega Manila.

Posted: February 6th, 2014 in Latest Business Stories | Read More »

SMC chief eyes 30% stake in GMA 7

SMC president Ramon S. Ang: Confirmation

Businessman Ramon S. Ang is making a strong push for a minority stake in GMA Network Inc., casting some degree of uncertainty over a rival bid by Philippine Long Distance Telephone Co., which has long sought a foothold in the major television broadcast firm, Inquirer sources said.

Posted: January 24th, 2014 in Editor's Pick,Featured Gallery,Headlines | Read More »

Biz Buzz: Courtship kinks


The new round of talks between the group of businessman Manuel V. Pangilinan and the triumvirate behind broadcasting giant GMA 7 appears to be getting along.

Posted: January 22nd, 2014 in Headlines | Read More »

Biz Buzz: PPP’s perfect attendance


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.

Posted: February 11th, 2013 in Editor's Pick,Headlines | Read More »

GMA hits SkyCable for technical glitch


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.

Posted: February 8th, 2013 in Headlines | Read More »

GMA 7 claims ratings lead

Broadcasting giant GMA Network (GMA 7) has kept its lead on television ratings over rivals for January based on the latest Nielsen TV survey.

Posted: February 4th, 2013 in Headlines | Read More »

ABS-CBN, GMA 7 claim ratings lead


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.

Posted: January 6th, 2013 in Latest Business Stories | Read More »

GMA 7 seen to miss profit target


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.

Posted: December 15th, 2012 in Headlines | Read More »

GMA 7 posted P1.58B in profit in first 9 months

GMA Network

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.

Posted: November 8th, 2012 in Latest Business Stories | Read More »

PLDT-GMA 7 decade-long courtship comes to an end


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.

Posted: October 12th, 2012 in Editor's Pick,Headlines | Read More »

BizBuzz: Life after GMA 7


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?

Posted: October 8th, 2012 in Headlines | Read More »



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