ABS-CBN FORAYS TO ENTERPRISE DATA BUSINESS!

MANILA - The cable unit of ABS-CBN Corp expects to earn P7.5 billion from its enterprise data and networking solution business over the next five years. 

In a briefing on Thursday, Jon Arayata, head of Sky Cable’s Skybiz, said the enterprise data market in the Philippines is estimated at about P30 billion, majority of which comes from multinational companies. 

GOZON CONFIRMS SELLING STAKE TO RSA!

The chairman of GMA Network Inc on Wednesday said talks for an investment by San Miguel Corp president Ramon S. Ang in the broadcast company should be completed in a month.

Based on transcipts from an interview during GMA7's stockholders meeting, its chairman Felipe L. Gozon said talks with Ang are "progressing" and set to close "within 30 days." 

TO CONCEAL DISAPPOINTING INCOME RESULTS, GMA7 HYPES TALKS WITH RSA!

MANILA - GMA Network Inc on Monday confirmed talks for a possible investment by San Miguel Corp (SMC), as the broadcast network reported that first-quarter profit fell on weaker revenues.

In a briefing, GMA chairman and CEO Felipe L. Gozon told reporters that he is in talks with SMC president Ramon S. Ang for the sale of a "substantial" stake in the broadcast company. 

GMA SUFFERS 46% DROP IN Q1 EARNINGS!

Listed GMA Network Inc.'s first quarter net income dipped by nearly half, mainly in the absence of gains from political advertisements the company received from last year's mid-term elections, officials announced Monday.

In a briefing, GMA Network officials said net income declined by 46 percent to P325 million in the first three months from P601 million a year earlier.