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PLDT shelves plans to buy GMA 7 stake

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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

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abscbn-and-gma-logo

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

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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

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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

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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

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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

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abs-cbn-gma-network

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

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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

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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

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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

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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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