The group of PLDT chair Manuel V. Pangilinan continues to be unsuccessful in expanding its growing media empire abroad, but given recent developments, MVP’s camp may soon have its very own “Financial Times.”
First Pacific Co. Ltd. of Hong Kong has announced key changes in its corporate lineup and that of flagship unit Philippine Long Distance Telephone Co. (PLDT) as it seeks to turn around an unprofitable television arm while laying the groundwork for further expansion in the country and abroad.
ABS-CBN Corp. on Wednesday announced its dominance in nationwide television ratings last March, claiming it maintained its lead over rivals in urban and rural areas across the country.
Is the group of tycoon Manuel V. Pangilinan—through the former’s broadcasting arm, TV5—out to settle an old score with the Lopez family? Some people in the latter seem to think so.
Broadcasting giant GMA Network (GMA 7) has kept its lead on television ratings over rivals for January based on the latest Nielsen TV survey.
Philippine Long Distance Telephone Co. (PLDT) is set to pour more cash into affiliate Associated Broadcasting Corp. (ABC), operator of the money-losing TV5 network, as it hopes to grab a larger share of the broadcast advertising pie.
Pangilinan-led Associated Broadcasting Corp. (ABC), operator of television network TV5, will continue to post heavy losses in 2013 as the company struggles to compete with rivals that corner the lion’s share of industry ad revenues.
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.
After the race to the skies and the continuing race on toll roads, the next tug-of-war between frenemies Manuel V. Pangilinan and Ramon S. Ang is the battle for the “heart” (and mind) of the people. After all, well-placed industry sources said that when RSA talked about San Miguel Corp. “seriously considering” to enter the broadcasting business, he really meant GMA Network, not ABS-CBN, not Solar TV as others theorize.
Amid cutthroat competition in the broadcasting industry, the country’s third-largest television network doubled its losses last year as it tried to compete head on with its larger rivals.
Two of the country’s major broadcast firms denied fresh rumors of a deal that would result in an industry-changing merger.
TV5 has teamed up with DISH to bring its news and entertainment programs to Filipinos residing in the United States. The service starts Wednesday, May 23.
