Despite reporting profit drop yesterday, ABS-CBN Corp. celebrated a hike in its stocks price in the stocks market as investors flock to get a share of ABS and ABSP. Both Stocks of the ABS-CBN Media Group inched up to occupy the 6th and 9th place in the early day trading. ABS-CBN's revenue growth continue to lure investors despite the danger of the GMA-TV5 merger. ABS-CBN CEO claimed that the possible merger between TV 5 and GMA will not affect their strategic plan as more channels will be made available in the DTV transition.
TV NETWORK WAR ORIGINAL