The country’s two largest television networks booked better-than-expected first-quarter earnings due to the spate of political advertisements, company officials said Wednesday.
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.
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.
ABS-CBN Corp., the listed television broadcast arm of the Lopez Group, has tapped a new partner to offer additional channels aimed at Filipinos based in the Middle East.
ABS-CBN Corp., the listed broadcast arm of the Lopez group, may raise fresh funds through the sale of debt notes or equity, or a combination of the two, this year to partly fund a government-mandated shift to digital television and support new business lines.
GMA Network Inc. plans to spend just under a billion pesos for its expansion this year, mainly involving the setting up new regional stations to specialize in localized content and the widening of the company’s reach in rural areas.
GMA Network Inc. is banking on regular advertisements to drive profit growth for 2013 even as campaign-related placements start to trickle in, providing a welcome boost to revenues.
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.
German auto giant Volkswagen will recall 384,181 vehicles in China over gearbox defects, it said Wednesday after state television criticized it over the issue.
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.
Broadcasting giant ABS-CBN Corp. claims that it is ahead in television audience ratings across urban and rural homes in January, citing data from Kantar Media.
Broadcasting giant GMA Network (GMA 7) has kept its lead on television ratings over rivals for January based on the latest Nielsen TV survey.
