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Monday, November 12, 2012

TV5 CONDUCTS COST CUTTING MEASURES TO TRIM LOSSES!


MANILA, Philippines - A top official of TV5 said they hope that cost-cutting measures this 2012 will bear fruit and allow the country’s third-largest media group to trim its losses.

TV5 president Ray Epinosa said the broadcasting firm has been implementing cost-cutting measures that will hopefully narrow down losses which doubled to P4 billion in 2011 from P2 billion in 2010.

“We’re obviously becoming more cost conscious in the sense that we keep revisiting our cost programming grid to find out the optimal but inexpensive way,” he said in a recent interview.


He said TV5 finance people are still crunching the numbers and will soon find out how best to address the TV station’s financial matters. “We may finish next week the budget planning. Yes, we hope to trim our losses this year,” the media executive added.

The media officials has previously said they hope to break even in 2013, which was later moved to 2014.

In a recent interview, TV5 chair Manuel Pangilinan said he has told the media executives to take their time.

"My suggestion to TV5 is, it will take longer than anticipated," he said, admitting that the original target to get into black has been reset to 2015.

"I think eventually we will turn TV5 around. The question is, will it be a good investment rather than a great investment? It's a big unknown, but we will certainly give it a good try--our best try," he stressed.

TV5 officials are hoping to hit a market share of 30% by 2015 from the current 15%.

Espinosa admitted that TV5’s expenses will continue to be steep. “Well, yes to a certain extent because we have a fuller grid…Hopefully, we will manage it as we become more cost conscious.”

The Pangilinan group acquired TV5 in 2009 as part of the strategy of converging their telecommunication businesses with media, which provides content. - Rappler.com

14 comments:

Anonymous said...

Bawasan nyo kc pamimirata ng artista kapalit ng malaking talent fee. Nasa inyo nga mga sikat o malalaking artista pero d nyo naman mabigyan ng matinong show na babagay sa kanila. Unahin nyo muna palakasin signal nyo. Wala naman kc sa artista yan. Khit pa kunin nyo pinakasikat kung malabo naman station nyo balewala rin.

Anonymous said...

I agree with the first comment.

Anonymous said...

Review ba ang hanap mo? Mapa-local man o foreign shows, movies, music at marami pang iba, dito lang ang tambayan!

http://tellyscoops.blogspot.com/

Anonymous said...

We saw it coming...lol

Anonymous said...

ilan kaya sa mga pinirata nila ang magkakaroon ng renewal ng contract??? let the countdown begin...

Anonymous said...

Asan na yung mga pinirata nila? Nakatulong ba sila para palakasin tv5 o nalatulong b tv5 para isustain kasikatan nila. O bka naman ito ang dahilan kya nalulugi sila. Ipinagmamalaki nila na guaranteed contract ang offer nila sa isang talent at mas malaki tf eh ano nangyari wala sila mabigay na matinong show n tumatagal.pero tuloy tuloy ang pasahod ng network. Para lng makabawi sa pasahod khit anong ahow n lng binibigay. Gaya ni ms nora aunor biruin mo ilagay sa enchanted garden kakatawa. Inuna kc nila yabang. At ung mga artista na lumipat at nagdeny na hindi talent fee reason kun bakit sila lumipat kundi for career growth, paano mag gogrow career nyo eh konti lng viewers ng tv5 saka d nman agag sila nabibigyan ng project after nila lumipat. Mbigyan man tsugi agad. Gaya ni wendell ramos pinagpalit nya bubble gang sa tv5 asan na sya ngaun? Nganga sya db. Aanhin ang mataas na tf kung panandalian lng at makakaapekto sa nabuo nyong kasikatan nung nasa abs o gma pa kau.

Anonymous said...

FOR SALE ang abs cbn, GLOBE telecom,

den-siu herrera said...

haha 4sale daw, sang parte!

dexter said...

FOR SALES ABS? heheheh...wala n msabe...LUMANG essue n yan n pinagmulan s GMA/MVP...hwag u nang idamay s katangahan u ang ABS...

dexter said...

I agree with the first comment.

Anonymous said...

Abs for sale? Kelan? Bakit? Kau tga mga kapuso dati sonasabi nyo lubog sa utang abs kya d binibili tapos ngaun pinagkakalat nyo for sale kakatawA kau...

Anonymous said...

^
Tama. Lagi nilang sinasabi na walang bibili sa ABS dahil lubog sa utang, pero bakit ngayon may bibili ek ek kayo? Tira kasi kayo ng tira mga kapuso kaya ayan supalpal kayo. Dapat kasi meron kayong history sa mga panlalait nyo at balikan nyo para di masupalpal..lol

Anonymous said...

Balita sa ABS-CBN yung Asian TV Awards nomination. Binanggit yaon yung ibang nominations galing sa ibang network. Sa ibang network ipinagbabawal banggitin ang ibang network lalo na pagdating sa mga awards.

Anonymous said...

At kung for sale abs kawawa gma lalo lulubog. Kc lalong lalakas abs. Aminin pinakamalawak ang reach ng abs d lng pinas kundi buong mundo. Pero d sya ipagbibili mga kapuso. Pero lampaso p rin kau. Nag reshuffle na naman kau ng primetime shows nyo. Samanralang abs shows sa hapon d man lng natataranta khit p nakakalamang gma. Kc mas maraming ads.

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