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Sunday, June 24, 2012

TV5 NET LOSSES BALLOONED TO P4.4 BILLION!


MANILA, Philippines—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.

According to financial statements filed by ABC Development Corp. — parent company of TV5 — the company lost P4.14 billion at the end of 2011, representing a 91-percent increase from its net loss of P2.16 billion the previous year.


In contrast, industry leaders ABS-CBN and GMA Network reported net incomes of P2.4 billion and P1.71 billion, respectively, for 2011.

The dramatic increase in the losses of the network controlled by  Manuel Pangilinan comes as his group is trying to acquire the country’s No. 2 player, GMA Network Inc., in a bid to better compete with industry giant ABS-CBN Broadcasting Corp.

Talks between the Pangilinan group and GMA Network’s controlling shareholders — the Gozon, Duavit and Jimenez families —are reportedly ongoing, but both sides have so far failed to agree on a price for the country’s second-largest network.

Sources have said that Pangilinan had initially balked at the P65-billion selling price initially quoted by GMA’s owners, although Pangilinan lately signaled that a deal may be in the offing before the end of the year.

During the same period, TV5’s asset base also grew to P8.84 billion from 2010’s level of P5.41 billion as the network invested more in broadcast equipment to upgrade its older apparati. However, its level of receivables — unpaid obligations by its clients — also ballooned in 2011 to P1.14 billion from only P443 million in the previous year.

Total liabilities of the network also grew sharply, hitting P6.45 billion last year, from only P2.52 billion in 2010 as it borrowed more cash to fund its expansion.

TV5’s financial statements filed with the Securities and Exchange Commission reveal that total revenues grew sharply to P2.31 billion last year, representing a 164-percent growth over the P875 million in sales recorded in 2010.

However, the benefit of higher sales figures were negated by the increase in TV5’s production costs, which hit P3.76 billion in 2011. This was 105 percent higher than the total production costs of P1.83 billion in 2010, as the company attracted talents from rival networks — like Sharon Cuneta and Derek Ramsay — with large, multi-year contracts.

TV5 president Ray Espinosa had yet to respond to Inquirer’s request for comment on the network’s losses for 2011 as of press time Saturday.

Last month, PLDT group officials said they expected TV5 to break even by 2014.
Espinosa, meanwhile, said he expected  the network to have a 30-percent market share by 2015, double the present level of 15 percent.

The network is spending an additional P6 billion for a new corporate headquarters and studios in Mandaluyong City which it expects to be completed later this year.

ABC and its TV5 network are owned by the PLDT group’s Mediaquest Holdings, which also holds a minority stake in the Philippine Daily Inquirer.

24 comments:

MUHABOY said...

http://ir.abs-cbn.com/Portals/_default/Skins/ir/pdf/20120514_ABS_1Q2012_Results.pdf

Ang Tunay at Mas Accurate na Sukatan...
ABS-CBN BALANCE SHEET as of March 31, 2012

Balance Sheet Accounts
As at March 31, 2012, total consolidated assets stood at P46.4 billion, P1.6 billion or 4% higher than total assets of P44.8 billion as at December 31, 2011.
Cash and cash equivalents of P8.0 billion is P588 million or 7% lower than the December 31, 2011 balance.
Consolidated trade and other receivables stood at P8.3 billion, P171 million or 2% higher than as at the end of 2011.
Days sales outstanding of 76 days is 7 days less than the 83 days as at December 31, 2011. Trade accounts receivables amounting to P6.0 billion is P466 million or 8% higher than the P5.6 billion trade accounts receivables at the end of 2011.
Total interest-bearing loans was almost flat at P12.5 billion.
Shareholders’ equity stood at P20.5 billion, 1% higher compared with the Shareholder’s equity at the end of 2011.
The company’s net debt-to-equity ratio was higher at 0.22x compared with 0.19x at the end of 2011.
The company’s debt ratios remain well within the limits prescribed under its loan covenants.

Anonymous said...

Hindi yan maiintindihan ng mga kapuso, okay na sakanila yung yumayaman si gozon at duavit dahil sa pagtitipid sa equipment at mababang TF. Kung ang expense rate ng GMA ay kaparehas ng sa ABS, nasa 80M lang ang kita nila, w/c is malayo sa kita ng ABS dahil sa mataas na gross sales...

Anonymous said...

stick to the issue mga ugok!

Anonymous said...

Ang TANG* na nasa taas ko my gosh, Ang EXPENSE RATE ng GMA ay mas mababa dahil dalawang channel at konting subsidiaries lang meron sila COMPARED sa ABS na hindi lang ABSCBN ang channel at marami silang subsidiaries. MAHIYA KA NGA SA PINAGSASABI MO. LOL!

Anonymous said...

wahahahaha
Philippine Daily Inquirer CALLED GMA7 the NUMBER 2 PLAYER

alam na ha...

CONFIRMED na yan ha, wala nang kokontra!

Anonymous said...

Ang TANG* na nasa taas ko my gosh, Ang EXPENSE RATE ng GMA ay mas mababa dahil dalawang channel at konting subsidiaries lang meron sila COMPARED sa ABS na hindi lang ABSCBN ang channel at marami silang subsidiaries. MAHIYA KA NGA SA PINAGSASABI MO. LOL!
_--------------------------

Kaya nga rate, hindi base sa number of channel at susidiaries kundi sa SALES...hindi ka lang tanga, bobo pa, kapuso ka talaga...

Anonymous said...

PATI SI GOZON NANUNUOD NG WALANG HANGGAN, HAHAHA....
http://newsonph.blogspot.com/2012/06/felipe-gozon-nanonood-ng-walang-hanggan.html

Anonymous said...

MANILA, Philippines—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.

According to financial statements filed by ABC Development Corp. — parent company of TV5 — the company lost P4.14 billion at the end of 2011, representing a 91-percent increase from its net loss of P2.16 billion the previous year.


In contrast, industry leaders ABS-CBN and GMA Network reported net incomes of P2.4 billion and P1.71 billion, respectively, for 2011.

The dramatic increase in the losses of the network controlled by Manuel Pangilinan comes as his group is trying to acquire the country’s No. 2 player, GMA Network Inc., in a bid to better compete with industry giant ABS-CBN Broadcasting Corp.

Talks between the Pangilinan group and GMA Network’s controlling shareholders — the Gozon, Duavit and Jimenez families —are reportedly ongoing, but both sides have so far failed to agree on a price for the country’s second-largest network.

Sources have said that Pangilinan had initially balked at the P65-billion selling price initially quoted by GMA’s owners, although Pangilinan lately signaled that a deal may be in the offing before the end of the year.

During the same period, TV5’s asset base also grew to P8.84 billion from 2010’s level of P5.41 billion as the network invested more in broadcast equipment to upgrade its older apparati. However, its level of receivables — unpaid obligations by its clients — also ballooned in 2011 to P1.14 billion from only P443 million in the previous year.

Total liabilities of the network also grew sharply, hitting P6.45 billion last year, from only P2.52 billion in 2010 as it borrowed more cash to fund its expansion.

TV5’s financial statements filed with the Securities and Exchange Commission reveal that total revenues grew sharply to P2.31 billion last year, representing a 164-percent growth over the P875 million in sales recorded in 2010.

However, the benefit of higher sales figures were negated by the increase in TV5’s production costs, which hit P3.76 billion in 2011. This was 105 percent higher than the total production costs of P1.83 billion in 2010, as the company attracted talents from rival networks — like Sharon Cuneta and Derek Ramsay — with large, multi-year contracts.

TV5 president Ray Espinosa had yet to respond to Inquirer’s request for comment on the network’s losses for 2011 as of press time Saturday.

Last month, PLDT group officials said they expected TV5 to break even by 2014.
Espinosa, meanwhile, said he expected the network to have a 30-percent market share by 2015, double the present level of 15 percent.

The network is spending an additional P6 billion for a new corporate headquarters and studios in Mandaluyong City which it expects to be completed later this year.

ABC and its TV5 network are owned by the PLDT group’s Mediaquest Holdings, which also holds a minority stake in the Philippine Daily Inquirer. Hala ka kalooy intawon sa TV 5 bago palang putos na sa utang lugi pa jud. Cge panguha pamo ug mga artistang walang ginagawa.

Anonymous said...

Kaya nga rate, hindi base sa number of channel at susidiaries kundi sa SALES...hindi ka lang tanga, bobo pa, kapuso ka talaga...

________________________________________________


EXPENSE RATE GAGA. In tagalog GASTOS ng both NETWORK tapos sasabihin mong SALES. LOL! Sino daw ang tanga at bobo? LOL!

Anonymous said...

High expense but low income = TV5

Anonymous said...

High expense but low income = TV5

cooldudeTWOFIVE said...

country's no. 2 channel

wahahahahaha!

Anonymous said...

EXPENSE RATE GAGA. In tagalog GASTOS ng both NETWORK tapos sasabihin mong SALES. LOL! Sino daw ang tanga at bobo? LOL!
--------------------------------
Expense Rate = EXPENSES/SALES

Certified bobo at tanga ang isang kapusong 'to...

Anonymous said...

Buti pa ang GMA- maliit ang gastos- malaki naman ang kinikita

Anonymous said...

EXPENSES/SALES
_________

expenses or sales..what the fuck...its not sales..expenses when u waste something or what u spent. BTW, i dont know wut u guys talking about but those 2 words r different

Anonymous said...

ABSCBN corp
GMA inc.

diyan pa lang magkaiba na sila. So dont expect na the same ang gross at net income nilang dalawa. abscbn is spending more than gma because abscbn has so many networks/subsidiaries like studio 23, myx etc etc..

aND about TV5- nagsisimula palang gumastos, but sana wag nalang pumirata ng ibang artista kasi mas mahal pa..bakit kaya hinid ila gumawa ng sarili nilang artista..

Anonymous said...

Ang ABS nangutang to maintain the quality of their shows or to improve pa and preparing for the future kagaya ng DIGITALIZATION. Samantalang ang gma wala, pinapayaman lang ang mga may ari. Ang ABS ready na para sa DIGITAL at ang gma hindi. Kung halimbawa bukas kailang mag digital na..HIHIMATAYIN si Gozon!lol

Anonymous said...

Anonymous said... EXPENSES/SALES _________

expenses or sales..what the fuck...its not sales..expenses when u waste something or what u spent. BTW, i dont know wut u guys talking about but those 2 words r different
----------------------
BOBO, mathematical expression po yan, ang ibig sabihin ay: rate expense is equal to expenses divided by sales or the ratio of expense over sales.

Mga kapiso talaga bobo na tanga pa...

Anonymous said...

Marianeta nanunuod na din ng WALANG HANGGAN, FANS NA DIN NI COCO MARTIN...

http://kakulay.blog.com/2012/06/marian-rivera-nakatutok-na-rin-sa-teleserye-walang-hanggan-2/

Anonymous said...

Anonymous said... EXPENSES/SALES _________

expenses or sales..what the fuck...its not sales..expenses when u waste something or what u spent. BTW, i dont know wut u guys talking about but those 2 words r different ----------------------BOBO, mathematical expression po yan, ang ibig sabihin ay: rate expense is equal to expenses divided by sales or the ratio of expense over sales.

Mga kapiso talaga bobo na tanga pa...


________

Bobo naman talaga yang mga kanguso. Kasi ang alam niya ung ”/” ay or kaya sinabi niya na expenses or sales haha.... Wala kasi alam sa math.


Parang ale pabili ng 1 kilo and 1/2 na baboy

Hindi 1kilo and 1 or 2 na baboy haha......

Iba talaga mag isip ang mga kanguso no? Makitid hahah...

ER= Expenses divided by sales (ER=E/S)

Anonymous said...

Natawa ako dun sa nag comment ng expenses "or" sales. Hahahaha. Napakabobo.

Stewart said...

High expense but low income = TV5

Wise said...

Buti pa ang GMA- maliit ang gastos- malaki naman ang kinikita

Anonymous said...

Hindi worth it kasi yung si derek, duh

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