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Biz Buzz: Blocking SM Aura

Vehicular traffic around Bonifacio Global City in Taguig—particularly around SM Aura—has been particularly heavy in recent days since the opening of the country’s newest shopping mall.   Apart from the sudden surge of shoppers that usually accompanied the opening of any SM mall, the situation seems to have been aggravated by the availability of only [...]

Posted: May 20th, 2013 in Headlines | Read More »

Comcast launches portal for Asian-Pacific content

Global media and technology company Comcast today launched Xfinity Asia Internet destination (Xfinity.com/Asia), an online portal that brings together Asian-Pacific entertainment content from a variety of sources in one, easy to navigate location.

Posted: May 10th, 2013 in Headlines | Read More »

ABC to launch business news channel

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Associated Broadcasting Corp., operator of the TV5 network, is set to launch later this year an English-language news channel that aims to be the leading source of business news for local pay TV customers.

Posted: May 8th, 2013 in Latest Business Stories | Read More »

ABS-CBN pushes transition to digital TV broadcast

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abs-cbn logo

ABS-CBN Corp., the listed television broadcast arm of the Lopez group, said infrastructure investments and testing activities were ongoing ahead of the mandated transition into so-called digital terrestrial TV and cable TV, a statement issued Friday showed.

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

NY Times gains in otherwise grim newspaper sector

new-york-times

The New York Times, boosted by gains in digital readers, rose to the No. 2 spot among US daily newspapers in a sector still struggling with falling print circulation, industry figures showed Tuesday.

Posted: May 1st, 2013 in Latest Business Stories | Read More »

Thomson Reuters swings to loss on restructuring

thomson-reuters

Media and financial information group Thomson Reuters swung to a loss in the first quarter, hit by costs linked to a major restructuring and one-time tax charges.

Posted: May 1st, 2013 in Latest Business Stories | Read More »

Nielsen names Asian-American as public affairs VP

New Nielsen VP Betty Lo

Global information and measurement company Nielsen named Betty Lo vice president of public affairs earlier this month. Lo will be based in the company’s headquarters in New York.

Posted: May 1st, 2013 in Headlines | Read More »

Washington Post Co. sees losses, decline in ads

washington post logo

The Washington Post Co. said Friday that circulation and advertising had weakened further at its flagship daily newspaper, as the company reported a quarterly loss linked to a write-down.

Posted: February 22nd, 2013 in Latest Business Stories | Read More »

MVP eyes majority stake in ‘Philippine Star’

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Philippine Long Distance Telephone Co. chairman Manuel V. Pangilinan is set to acquire a majority stake in Philippine Star, as the telecommunications group beefs up investments in media.

Posted: December 20th, 2012 in Headlines | Read More »

ABS-CBN to issue 1B voting, low-yield preferred shares

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The country’s biggest media conglomerate, ABS-CBN Corp., is selling one billion low-yield, voting preferred shares to raise as much as P200 million from existing shareholders.

Posted: December 13th, 2012 in Headlines | Read More »

Okada firm hits Reuters on bribe stories, eyes suit

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INTERNATIONAL DESTINATION.  The Entertainment City on Manila Bay is aimed to become “a multifaceted leisure and entertainment center that is internationally benchmarked,” says Pagcor chairman and CEO Cristino Naguiat Jr. PHOTO FROM PAGCOR.PH

Universal Entertainment Corp. of Japanese businessman Kazuo Okada on Tuesday assailed the coverage of an international news agency on the alleged bribes paid by the gaming firm to a former consultant of state-owned Philippine Amusement and Gaming Corp. (Pagcor).

Posted: December 5th, 2012 in Latest Business Stories | Read More »

TV5 first-half losses at P2.8B

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tv5

Losses of television network TV5 continued to accelerate as of the first half of 2012 as the country’s third-biggest broadcast firm ramped up spending to be more competitive with industry leaders.

Posted: December 3rd, 2012 in Latest Business Stories | Read More »

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