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Saturday, May 5, 2012

ABS-CBN MERGES TWO PUBLISHING SUBSIDIARIES

ABS-CBN BROADCASTING Corp. has bagged regulators’ approval to consolidate two of its publishing units, documents from the Securities and Exchange Commission showed.ABS-CBN Publishing, Inc., a subsidiary of the media outfit, will absorb Culinary Publications, Inc. (CPI).

"[T]he entire assets and liabilities of Culinary Publications, Inc. will be transferred to and absorbed by ABS-CBN Publishing, Inc..." the certificate of the merger showed.

Culinary Publications has P248,571 worth of liabilities and P441,708 worth of total assets, the document further showed.

"[N]o shares will be issued as a consequence of the transfer since Culinary Publications, the absorbed company, is wholly-owned by the surviving company," one of the documents showed.

The merger was approved last March by the two companies.

Under the agreement, the surviving company will uphold the workers’ arrangement of Culinary Publications.

"[ABS-CBN Publishing shall] honor the terms and conditions of any employee plan and benefit arrangement of Culinary Publications and to pay and provide the benefits required..." the document showed.

Workers of Culinary Publications would also be transferred to the surviving company.

"All employees of Culinary Publications shall be absorbed by ABS-CBN Publishing unless the same would result in redundancy..." the document stated.

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mOST wanTED said...

ABS-CBN Tops Primetime in Metro Manila and Nationwide for the Month of ApRIL

average audience share
nationwide
ABS-42.1%
GMA-29.41%

average audience share PRIMETIME
ABS-35.4%,
GMA 32.6%.

Overall, eleven out of the top 15 programs for April are produced by ABS-CBN. Other Kapamilya shows in the list include “Dahil sa Pag-ibig” (24.7%), “Wansapanataym” (23.6%), “Rated K” (20.5%), “Kapamilya Deal or No Deal” (20.1%), “Toda Max” (19.1%), and “Sarah G Live” (18.5%).

Based on Kantar Media’s report, ABS-CBN garnered an average audience share of 35.1% in total day with rival GMA Network placing second with 33.7% share.

ABS-CBN registered a net income of P2.4 billion for the full year 2011, while news media reported that GMA Network net income plummeted P1.72 billion in the same period.

http://www.starmometer.com/2012/05/04/abs-cbn-tops-primetime-in-metro-manila-and-nationwide-for-the-month-of-april/

mOST wanTED said...

ABS-CBN remains to be the network of choice by most Filipino homes on primetime as it again topped in

Balance Luzon (areas in Luzon outside Mega Manila) with 45.4% share vs GMA’s 30.4%. ABS-CBN ruled the Visayas with 55.8% share vs GMA’s 18.7% and pulled away further in Mindanao with 59.4% share vs GMA’s 15.5%.


http://www.starmometer.com/2012/05/04/abs-cbn-tops-primetime-in-metro-manila-and-nationwide-for-the-month-of-april/

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