Wednesday, May 8, 2013


MANILA, Philippines - PLDT chairman Manuel Pangilinan is not pulling the plug on spending for the conglomerate's media units, although they may be losing money.

Pangilinan said he is giving his newly appointed TV5 chief executive officer Noel Lorenzana enough room to turn around the bleeding network, which lost another P2.8 billion in the first half last year, after losing P4 billion in 2011.

"There's always an effort to turn around TV5," Pangilinan said. "But nothing specific."

The Pangilinan group has allocated P6 billion for capital expenditures this year, roughly the same as last year, when it built TV5's new office in Mandaluyong.

This year's budget won't go to signing bonuses and premiums, with Pangilinan saying the network might end the pirating of more expensive television stars.

Talks are also ongoing for the group's infusion of more capital into BusinessWorld, the country's oldest business daily, raising its stake from 30 percent.

Outgoing TV5 chief Ray Espinosa says BusinessWorld will make a perfect complement to TV5, which is launching its all-English news channel on pay TV by the end of the year or early 2014.

It's called CEO TV, with business news and targeted on BusinessWorld's kind of readers.

"They expressed willingness to allow additional investors. The only question for us is the form and shape of that investment. Whether it will involve new shares or combination of new and old shares," Espinosa said.

"It will be part of the news reporting group. We'd like to closely work with them in business news reporting side," Pangilinan said.

BusinessWorld representatives reserved comment for now, as the talks remain preliminary.


Anonymous said...

Will GMA's net loss rate be as fast as TV5's? Stay tuned...

Anonymous said...

What i don't realize is in fact how you're now
not really a lot more neatly-appreciated than you may be right now.
You're very intelligent. You know therefore considerably in relation to this topic, made me personally believe it from numerous varied angles. Its like women and men aren't
fascinated unless it is one thing to accomplish with Woman
gaga! Your own stuffs excellent. All the time maintain it up!

My homepage :: http://www.patisipe.com/blogs/781/794/several-good-exercise-routines-t

Anonymous said...

It's a pity you don't have a donate button! I'd most certainly donate to this brilliant blog! I suppose for now i'll settle for
book-marking and adding your RSS feed to my Google account.
I look forward to new updates and will share this website with my Facebook
group. Talk soon!

my web-site: Hospital for Special surgery physicians

Anonymous said...

It is the best time to make a few plans for the future and it's time to be happy. I have read this submit and if I may I want to counsel you few fascinating issues or advice. Maybe you can write next articles referring to this article. I desire to learn even more issues about it!

Take a look at my webpage ... beautiful men

Anonymous said...

Malulugi talaga tv 5 dahil sa pagkuha dyan kay Weng Hidalgo. Pati bobo at backfighter kinukuha. Sya din sumisira sa tv 5.

Anonymous said...

Korak! Kabayong weng hidalgo! Manyakis na bobita!

Anonymous said...

I pity tv5 dahil nag aalaga sila ng ahas gaya ni Weng Hidalgo. Sana mabulgar na ang kawalanghiyaan na ginagawa ni Weng.

5689 said...

ralph lauren uk
moncler outlet
ecco outlet
michael kors outlet clearance
ugg boots clearance
kate spade outlet
ugg boots
pandora outlet
coach factory outlet
adidas shoes


My Blog List


Related Posts with Thumbnails