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Friday, March 21, 2014

SMC CHAIRMAN BUYS A STAKE ON GMA NETWORK FOR P10.8 BILLION!

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After the reported collapse of talks between the three families who control GMA Network and Mannuel Pangilinan of Media Quest, reports surface indicating Ramon S. Ang finalizing its entry to the Media Giant. 

The three families who control the GMA Network expect to receive about P10.8-billion from San Miguel president Ramon S. Ang. The amount represents a reported 30-percent stake, at a reported price of P10.80 a share, that Ang is acquiring in his personal capacity. San Miguel Corp. is not allowed by law to aqua ire a stake in GMA Network as no foreign entities are allowed to hold a controlling stake in any of the country's media entities.  

Wednesday, March 12, 2014

ABS-CBN LOANS P1 BILLION FROM PHILAMLIFE!

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MANILA - ABS-CBN Corp has secured a loan from a local insurance company to finance its capital expenditure for this year.

In a disclosure to the Philippine Stock Exchange, the Lopez-owned broadcasting company said it has obtained a P1 billion loan from the Philippine American Life and General Insurance Co (Philamlife). 

The loan has a 10-year term with a fixed interest rate of 5.4 percent per annum. 

Thursday, March 6, 2014

NEW YORK FESTIVAL NOMINATES 5 KAPAMILYA PROGRAMS!

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MANILA - Five television programs from ABS-CBN are vying for medals in the 2014 New York Festivals (NYF) International Television and Film Awards.

The investigative documentary “Agosto Beinte Uno: Ang Pagpatay Kay Ninoy Aquino” by ABS-CBN Docu Central earned two nominations in separate categories.

 The special, which revisited the still-unsolved Aquino assassination case in time for the 30th anniversary of the shooting, is a contender for the Biography/Profiles category.

ABS-CBN SECURES P1.65B LOAN WITH SECURITY BANK TO REFINANCE EXISTING DEBTS!

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MANILA, Philippines - ABS-CBN Corp. sealed a loan package worth P1.65 billion with Security Banking Corp. to refinance existing obligations.

In a disclosure to the stock exchange, ABS-CBN chief information officer Eulogio Masilungan said the multimedia giant has obtained a four-year term loan of P1.65 billion from Security Bank.

Tuesday, March 4, 2014

MVP TO GIVE UP BID FOR GMA7

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MANILA, Philippines – Negotiations between Philippine Long Distance Telephone Co. (PLDT) and GMA Network Inc. toward a buyout deal have collapsed anew, PLDT chairman Manuel V. Pangilinan said on Tuesday.

Pangilinan said GMA did not respond to PLDT’s offer to buy a 34 percent minority stake.

Friday, February 28, 2014

ABS-CBN NEWS SORRY FOR THE FLESH-EATING DISEASE REPORT!

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MANILA, Philippines - Saying it had no intention to sow mass hysteria, ABS-CBN has apologized for reports that appear to have sensationalized two common cases of skin disease as an outbreak of some mysterious 'flesh-eating disease'.

In a statement, ABS-CBN said it "apologizes for the unintended fear and panic caused by its report on the cases of skin diseases in two towns in Pangasinan."

Friday, February 21, 2014

ADVERTISERS CROWNS ABS-CBN AS THE TOP CHOICE!

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ABS-CBN's claim as the no.1 Broadcasting firm seemed to appeal more to advertisers as against rival claim by GMA Network! According to Kantar Media, ABS-CBN got 42.69% of the P264 billion in advertising revenues on Television while GMA-7 earned 30.44% of the total advertising revenues last year. TV-5 got only 7.84% of the revenues.

Tuesday, February 18, 2014

PHIL STAR TO JOIN TV5 UNDER MVP'S MEDIA EMPIRE!

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MANILA, Philippines – Businessman Manuel V. Pangilinan said he expects his group to seal by next month a deal that will give it majority interest in one of the country's top newspaper groups, The Philippine Star.

Pangilinan disclosed this during a Twitter chat Monday night, February 17 where he answered random questions from netizens.Pangilinan-led Philippine Long Distance Telephone Company (PLDT) wants to bring its stake in Star as well as its affiliates to up to 80%. It will acquire control of the broadsheet from the family of House Speaker Feliciano Belmonte Jr. and other shareholders.

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