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Sunday, March 24, 2013

ABS-CBN WELCOMES REVIVAL OF PTV-4, GMA-7 TO FILE A CASE TO OPPOSE!

MANILA, Philippines – The country's two biggest privately-owned media groups have different reactions to the recently signed law “revitalizing” the operations of state-owned and -operated television station People’s Television Network, Inc. or PTV-4.

GMA Network, Inc. is considering filing a case to stop Republic Act No. 103901 -- which infuses P5 billion fresh capital that allows PTV-4 to engage in more diverse programming -- from being implemented.


The second biggest media group is studying the new law and will decide if “there is a legal round to invalidate that law,” GMA Chairman and CEO Atty Felipe Gozon said in a press briefing on Friday, March 22.By privatizing the channel infused with P5 billion capital from the national government, it would be unfairly competing with private players, Gozon stressed.

While receiving subsidies from the taxes and fees paid by broadcasting institutions, the network will be competing with the same companies for the source of income providing the said funds: commercial ads and airtime.

“The basic reason for that is that it’s a government station and the money that the government approriates partly comes from us as a tax payer. If that station is allowed to compete with us, then you can easily see that it is our own money that is being used to compete with us,” said Gozon.

“Here in the TV industry we are already over crowded. As you can see Channel 5 (TV5, operated by ABC Development Corp) is losing money. So the market is not that big. Here comes another one -- subsidized by tax money! What are they trying to do?,” he added.

Gozon has publically opposed the law, calling it "unfair," when it was still a bill.

Competition

These sentiments are not shared by executives at ABS-CBN Corp, which operates the biggest media group in the country.

Rolando Valdueza, CFO at ABS-CBN Corp., said at a press briefing on Thursday, March 21, that the media firm isn’t as concerned with the upcoming changes at their state-backed rival.

"The more the merrier," he replied when asked for a comment about the upcoming changes at PTV-4.On March 14, 2013, President Benigno S. Aquino III signed into law “An Act Providing for the Establishment of the People’s Television Network, Incorporated, Defining Its Powers and Functions, Providing for Its Sources of Funding and for Other Purposes.”

The additional P5 billion capital from state coffers and advertising funds will fund PTV-4's purchase of equipment, as well as build infrastructure, produce programs, purchase content, hire personnel and recruit creative staff for its operations.

To sustain these operations operations, the network will also be permitted to generate revenue by selling airtime and commercial ads. - Rappler.com

6 comments:

AnyarehGME? said...

Ano ito? Akala ko ba tiba-tiba ang kita ng GME pero bakit HADLANG dito at HADLANG doon ang drama ng GME? bwahahhaha! Kawawang mga KANGUSO, LUBOG at WASAK na ang GME kaya huwag na kayong magmalinis! Kayu-kayong mga KANGUSO na lang din ang NAGLOLOKOHAN! bwahahahaha! GME, 2nd biggest network, so ALAM NA ang NUMBER ONE ;))) bwahahahhaa!

Anonymous said...

2nd biggest network lang naman talaga ang gma..... TAGAL NA NILA HA, PERO HINDI TALAGA SILA LUMAGO NG TODO....

hindi na ngkasanga yung company ng gma7, ang nagkasanga lang yung mga praise and press releases nila hahaha....

talo rin sila sa net income nung nakaraang 2012 hahaha....

pano naman hindi talaga sila ang tunay na no.1 kundi ang ABS-CBN 2.

Anonymous said...

DAMING KINAKATAKUTAN NG GMA, HAHAHA...

UNANG UNA KASING MAAAPEKTUHAN YUNG NEWS CHANNEL NILA HAHA...

ang dos cool lang , kumpyansa kasi, alam na sila ang tunay na pinapanuod. at alam nilang naniniwala ang mga advertisers sa kanila dahil sobrang laki ng ad revenues nila at net income compare sa channel 7.

Anonymous said...

Takot sila na mawalan Ng airtime revenue, mababa na nga ung airtime revnila mas baba pa, lst year 13billion lng ang abs 19billion, kung baba man ang airtime rev Ng abs dahil sa pagpasok Ng ptv4, may mga pagkkuhang revenue naman ang ang abs, ung consumer sales kung saan andun ang kita sa skycable,movies,magazine,tfc, etc

Anonymous said...

“Here in the TV industry we are already over crowded. As you can see Channel 5 (TV5, operated by ABC Development Corp) is losing money. So the market is not that big. Here comes another one -- subsidized by tax money! What are they trying to do?" - GOZON

Naguguluhan tlga ako kay Gozon, akala ko Chairman and CEO lang xa ng GMA7, un pala spokesperson din xa ng TV5...

Haay naku, halata talagang hindi maamin ni Gozon na nalulugi na sila. Biro mo, kahit sa example about "losing money", ibang network pa ang sinabi, kahit na si Gozon mismo at ang GMA7 ang nagrereklamo.

Soooooooo pathetic...

AnyarehGME? said...

^

Ano pa ba ang maii-expect mo sa isang network na SINUNGALING at mahilig magbuhat ng sariling banko? Ang GME lang kaya ang palaging nagcecelebrate ng APRIL FOOLS hindi lang tuwing April kundi FOREVER na. bwahahahahaha!

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