ABS-CBN Mother company, Lopez Inc. (formerly Benpres Holdings Corp.) is in talks with creditors to restructure P1.8 billion of debt in line with its goal to further pare down obligations, according to a top company official.
Lopez Holdings president and chief operating officer Salvador Tirona said negotiations center on a 12.5-year bullet repayment and a fixed rate of four to seven percent per annum.
Tirona said the Lopez holding firm’s priorities are to wipe out its deficiency and clean up its balance sheet so it can be in a position to declare dividends next year.
Lopez Holdings has significantly trimmed its debt from a high of $560 million (P27B) in 2002 when it declared a debt standstill to P3 billion as of end-June this year.
The sale of key assets made it possible for Lopez Holdings to reduce its debt to a manageable level.
The Lopez clan has sold out of water distribution (Maynilad Water Services Inc.) and toll roads (First Philippine Infrastructure Inc.) businesses as well as most of its stake in the country’s largest power retailer, Manila Electric Co., to the First Pacific Co. Ltd. of Hong Kong led by Manuel V. Pangilinan.
In 2008, it also sold its 18-percent stake in The Medical City to an affiliate of Lombard Asia.
In the first half this year, Lopez Holdings posted net earnings of P11.38 billion or almost 24 times the P475 million recorded in the same period a year ago on the divestment by First Philippine Holdings Corp. of its 6.7-percent stake in Meralco.
Unaudited consolidated revenues rose 44 percent to P16.84 billion, mainly driven by the impressive performance of associate ABS-CBN Broadcasting Corp. which saw its earnings rise 179 percent on strong advertising minutes growth for flagship TV station, Channel 2.
Benpres is confident it would sustain its positive operating performance for the rest of the year given higher contributions from FPHC and ABS-CBN
FPHC is a leading investor in sustainable energy through First Gen Corp., manufacturing through First Philec Corp., construction through First Balfour, and property development through Rockwell Land Corp. and First Philippine Industrial Park. First Gen controls geothermal energy pioneer Energy Development Corp., natural gas power generators First Gas Corp. and several hydro facilities.
ABS-CBN is the country’s largest multimedia news and entertainment content provider and controls Sky Cable Corp., the country’s largest cable TV service provider. Also under Benpres is Bayan Telecommunications Inc.
Lopez Holdings president and chief operating officer Salvador Tirona said negotiations center on a 12.5-year bullet repayment and a fixed rate of four to seven percent per annum.
Tirona said the Lopez holding firm’s priorities are to wipe out its deficiency and clean up its balance sheet so it can be in a position to declare dividends next year.
Lopez Holdings has significantly trimmed its debt from a high of $560 million (P27B) in 2002 when it declared a debt standstill to P3 billion as of end-June this year.
The sale of key assets made it possible for Lopez Holdings to reduce its debt to a manageable level.
The Lopez clan has sold out of water distribution (Maynilad Water Services Inc.) and toll roads (First Philippine Infrastructure Inc.) businesses as well as most of its stake in the country’s largest power retailer, Manila Electric Co., to the First Pacific Co. Ltd. of Hong Kong led by Manuel V. Pangilinan.
In 2008, it also sold its 18-percent stake in The Medical City to an affiliate of Lombard Asia.
In the first half this year, Lopez Holdings posted net earnings of P11.38 billion or almost 24 times the P475 million recorded in the same period a year ago on the divestment by First Philippine Holdings Corp. of its 6.7-percent stake in Meralco.
Unaudited consolidated revenues rose 44 percent to P16.84 billion, mainly driven by the impressive performance of associate ABS-CBN Broadcasting Corp. which saw its earnings rise 179 percent on strong advertising minutes growth for flagship TV station, Channel 2.
Benpres is confident it would sustain its positive operating performance for the rest of the year given higher contributions from FPHC and ABS-CBN
FPHC is a leading investor in sustainable energy through First Gen Corp., manufacturing through First Philec Corp., construction through First Balfour, and property development through Rockwell Land Corp. and First Philippine Industrial Park. First Gen controls geothermal energy pioneer Energy Development Corp., natural gas power generators First Gas Corp. and several hydro facilities.
ABS-CBN is the country’s largest multimedia news and entertainment content provider and controls Sky Cable Corp., the country’s largest cable TV service provider. Also under Benpres is Bayan Telecommunications Inc.
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33 comments:
malaki pala utang ng abs
heto maganda mga kapams! usapang tang...biruin mo P27B pala utang ninyo....magsara nglang kaya kayo!
hahaha
yan pla no.1 nationwide ha!
hahahaahha bakit humingi ba ang ABS sa inyo but kayo apektado mga kapusuck.....
ah, natural lang naman na magkautang ang abs eh, nagbabayad sila ng tama sa tao, ang rinig ko nga kahit alang show si Sharon eh may tf sya na nakukuha dati, ganyan pag exclusive ang contract..
kahit ung mga maliliit na tao sa abs completo sweldo , ayaw ng abs cbn na kawawa ang mga empleyado nila, di tulad ng ibang company dyan puro OJT kinukuha tapos 100php lang ang allowance pag namatay ung OJT nila alang insurance...
saka malaki din ang binabayd ng abs para sa maintanance eh, bayad sa kuryente at iba pa, at ang mahalaga nagbabayad ng buwis ang abs cbn at nakaktulong sa ekonomiya...
un lang!!!
korekorekok...penyoko
@ observer
I agree..actually the mere fact that local and international lenders trust ABS-CBN is already a proof that the company is in a healthy financial condition...
If you read in between lines, the article points that among the LOPEZ Inc subsidiary, ABS-CBN is the one that pays out the debt incured by the group...
nevertheless GMA's clean balance gives it an edge especially that enormous capitalization is needed for the country's shift to Digital from Analog....
utak sari-sari store kasi ibang nagcocomment dito e
imagine from 27B, 3B na lang..
i believe majority sa loan na yan e nung nag attempt ang lopez na maungusan ang PLDT bilang sole provider ng POTS (plain old telephone system).
unfortunately, nauso ang cellphone kaya hindi ganun kalakas ang business ng BayanTel.. tapos nailaunch pa ng PLDT ang SMART..
ang importante, nababayaran ang utang at may PAMBAYAD..
ganun talaga ang business.. magloloan ka para makapag expand or magventure sa ibang types ng market or produkto..
eh yung mga walang utang at malaki ang profit, bakit ni hindi makapagproduce ng matinong pelikula?
buti pa ang star cinema, binubuhay ang movie industry ng pinas!
walang utang yung iba kasi mga CRONY ni marcos wehehehehe
di ba mga attorney na namumuno sa syete??????
@network war
speaking of transition to digital to analog, di ba lahat ng tv satation ay nirequired na mag digital na in 2013?
kasi kung mangayyari yan , mas lilinis ang ratings game, kasi remember sa Japan, U.S, at iba pang bansa na digital na habang nanonood ka makikita mo kung ilan talaga ang nanonood kasabay mo, mangyayari kaya un? nu sa tingin nyu?
@observer
opo, actually at least P1b annually daw ang magagaastos ng ABS-CBN for 3-5 years ...But I read an article din na GMA-7 has been buying the required facilities years earlier so mas lesser nalang daw ang gagastusin nila for the Digitalization...
on the other hand...mas excited ang Dos sa Digitalization kasi maeeradicate na yung disadvantage nila sa signal sa Mega Manila (because of low frequency issues)....On that case magiging parehas na daw ang labanan ng mga shows sa MM...and base from what I understand dun sa article na nabasa ko, it seems that ABS-CBN recognizes the fact that MEga manila Ratings is crucial for the advertisers...
ang fair ng labanan pag nagdigital na sila lahat....
sigurado ako na may new ratings firm na papasok pag nag didgital na sila, bale mawawalang na ng saysay ung de surveyed na ratings at ung de radar na ratings na iilan lang ang sakop...
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@network war
sau b tong blog?
ganda ng mga articles mo at nakikita ko ung fairness mo sa pagrereport ng issues...
keep up the good work!!!
@observer
hehehe thanks po...ako nga po ang ADmin ng blog...hehehe...
sana lage ka mag visit dito...makikilala mu rin ang ibang mga commentators na madalas talga dito... ^^,
Pati si network war agree na financially stable ang ABS! asan ka na ewwwbscbn?
Blogger network war said...
on the other hand...mas excited ang Dos sa Digitalization kasi maeeradicate na yung disadvantage nila sa signal sa Mega Manila (because of low frequency issues)....On that case magiging parehas na daw ang labanan ng mga shows sa MM...and base from what I understand dun sa article na nabasa ko, it seems that ABS-CBN recognizes the fact that MEga manila Ratings is crucial for the advertisers...
----
i believe every area is crucial..
i think ABS-CBN just recognizes na they are only 2nd sa Mega Manila kaya doble trabaho sila to attract mega manila viewers..
isnt it odd, ibang iba ang taste ng vis-min-urban luzon sa mega manila???
Anonymous said...
Blogger network war said...
on the other hand...mas excited ang Dos sa Digitalization kasi maeeradicate na yung disadvantage nila sa signal sa Mega Manila (because of low frequency issues)....On that case magiging parehas na daw ang labanan ng mga shows sa MM...and base from what I understand dun sa article na nabasa ko, it seems that ABS-CBN recognizes the fact that MEga manila Ratings is crucial for the advertisers...
----
i believe every area is crucial..
i think ABS-CBN just recognizes na they are only 2nd sa Mega Manila kaya doble trabaho sila to attract mega manila viewers..
isnt it odd, ibang iba ang taste ng vis-min-urban luzon sa mega manila???
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TV ratings do not speak in behalf of the whole Filipino race who are watching free tv. pag lumabas ka ng bahay, makikita mo kung ano talaga pinapanood ng mga tao something that TV ratings can't and will never perfectly measure.
Nielsen TV ratings show that GMA is ahead in Mega Manila while survey firms like Pulse Asia says that ABS, particularly TV patrol is more credible and trusted. Advertisers also go for ABS stars so it contradicts the TV ratings that GMA is getting in Mega Manila.
^
^
^
amen to that... =)
lala
dito lng ako..bakit po?
hahaha
oo financially stable nga,sana mabayran na talaga ang utang ng abscbn kasi number kayo di ba?dapat lng talaga..ang tagal na ng abscbn eh dapat relax nlng sila,e pressure na pressure pa rin dahil sa utang at sa kabila.pag di nla aayusin lahat like sa shows nila,mauungusan tlaga sila.di ako sure sa lahat ng shows ng abscbn may quality eh,yung iba basura.ganun din sa gma at tv5.pero as of now na eenjoy tlaga kami sa kapuso network.lala sana ha naintindihan mo yung article yung maayos na pgkaintindi.hndi yung according to networkwar ka lng.
HAHAHAHAHAH SHUNGA SHUNGA TALAGA C EWWWWWWWWWWWWgme......ANG gma MO NA NGANGARAP MAGING ABS CBN 50 YEARS FROM NOW...CHAKAGMA
kung ttingnan niyo po.....ang abs-cbn ay korporasyon na po at hindi na network.....mababasa rin diyan na ang abs (as a network) ang main contributor nang pagbabayad nang utang....na kung saan di mo masasabing ang dahilan nang mga utang nang abs(ang network) ay utang na nang buong korporasyon...
nangutang ang abs para bilhin ang ibang kompanya kaya nga lang di ganon kaganda ang resulta nang pagbili....
kay mga kapuso tingnang mabuti ang inyong pinagsasabi di yong basta basta lang makapagkomento...
Basta na lang magapagcomment si EwwGMA.wahaha
Read the article first!!! It's not ABS-CBN (network) who has that debt in the first place. It's the Lopez Inc. And due to ABS-CBN's financial stability, it's one of the greatest contributors for the Lopez Inc. to pay it's debts. Get it?
korekorekok.....shunga shunga nga yan c eeeeeeeeeeewwwwwwwwwGMA
hindi na yan ma wipe out ang utang ng abs...
kasi masama ang istayon na yan...
tanong nyo pa doon sa loob.....
hahahahahaha
mga kawawang nilalang.....kung ikukumpara mo ang mga comment nang kapuso sa kapamilya...
ang layo talaga...pero labas si pennywise at yong isang kapuso.....
bakit kailangang isali ang abs (as network) bilang ang pangunahing mangungutang sa buong abs (bilang korporasyon)? magbasa naman kayo nang maigi....analyze niyo muuna mga komento niyo.....
haizt.....
bakit kaya ang daming makikitid na pagiisip na mga kapuso???
(komento ko ay "most" sa mga kapuso "not all"; baka kasi sabihin nanamang nilalahat ko....)
heto maganda mga kapams! usapang tang...biruin mo P27B pala utang ninyo....magsara nglang kaya kayo!
hahaha
yan pla no.1 nationwide ha!
%%%%%%%%%
Grabeh sobrang kabobohan ang pinapairal mo! magbasa ka nga ng mabuti bago ka mag post ng comment mo! kapusod talaga oh
heto maganda mga kapams! usapang tang...biruin mo P27B pala utang ninyo....magsara nglang kaya kayo!
hahaha
yan pla no.1 nationwide ha!
%%%%%%%%%
Grabeh sobrang kabobohan ang pinapairal mo! magbasa ka nga ng mabuti bago ka mag post ng comment mo! kapusod talaga oh
heto maganda mga kapams! usapang tang...biruin mo P27B pala utang ninyo....magsara nglang kaya kayo!
hahaha
yan pla no.1 nationwide ha!
%%%%%%%%%
Grabeh sobrang kabobohan ang pinapairal mo! magbasa ka nga ng mabuti bago ka mag post ng comment mo! kapusod talaga oh
heto maganda mga kapams! usapang tang...biruin mo P27B pala utang ninyo....magsara nglang kaya kayo!
hahaha
yan pla no.1 nationwide ha!
%%%%%%%%%
Grabeh sobrang kabobohan ang pinapairal mo! magbasa ka nga ng mabuti bago ka mag post ng comment mo! kapusod talaga oh
haha na highblood na ang mga kapams...utang is utang,wag na kayong palusot oh mas kitid ang utak nyo eh kasi di nyo sinusri kung ano ang nasa loob ng abscbn.get lost kapams.mg research kayo sa loob ng abscbn..pwede namang press release lng itong article para di mapahiya.sa tagal tagal ba ng kompanyang ito..
magsara na nga hahaha i like u anonymous
si moron rivera parang langaw sunod ng sunod sa TAE.mg shembot ka nlng.di ka nga lng shunga isa kang shulok!
bagay na di matanggap-tanggap ng mga kanguso at pilit nagbubulag-bulagan sa katotohanan kahit galing sa pinaka-reliable & credible na source like Phil. Stock Exhange & most trusted survey company in the world
DATA 2nd quarter of 2010
Consolidated Revenues:
ABS-CBN: P16.84B, 44% increase
GMA: P7.565B, 19% increase
Net Profit:
ABS-CBN: P2.27B, increase nearly tripled
GMA: 1.689B, 24% increase
latest 3rd quarter 2010: ABS-CBN broke another record by posting 2.85B net profit, while GMA’s declining kaya d makapag submit ng financial statement
Advertising minutes:
ABS-CBN: 60% share
GMA: ~40% share
Subscribers:
TFC, ABS-CBN: ~3 million
PinoyTV, GMA: ~250 thousand
Ratings:
ABS-CBN maintained its national audience share and ratings leadership with total-day audience share averaging 44% in the second quarter, keeping a comfortable lead of 12 to 13 percentage points over GMA7.
ABS-CBN has also taken the lead in Metro Manila with a 38% audience share in June and in Mega-Manila with a 36% audience share. In South Luzon and in the Visayas and Mindanao regions, ABS-CBN dominated the airwaves in June with audience shares hovering at around 60% or higher, and maintaining 35 to 50 percentage point-wide margins over GMA7. (SUPER LAYO NG LAMANG)
ABS-CBN swept the top 11 slots in the Top 20 programs list, with the top 10 programs enjoying ratings of at least 25% and audience shares ranging from 43% to as high as 61%.
ewwwbscbn said...
haha na highblood na ang mga kapams...utang is utang,wag na kayong palusot oh mas kitid ang utak nyo eh kasi di nyo sinusri kung ano ang nasa loob ng abscbn.get lost kapams.mg research kayo sa loob ng abscbn..pwede namang press release lng itong article para di mapahiya.sa tagal tagal ba ng kompanyang ito..
magsara na nga hahaha i like u anonymous
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isa ka deng bobo eh magabsa ka muna ha! bago ka mag comment ano ba ang nasa loob ng abs-cbn? di namain alam eh baka ikaw alam mo abnomal! Wow mag research daw sa loob ng abs-cbn haha patawa ka no?
217B utang ng abs? cge nga check mo sa financial report ng abs-cbn kung may 217B utang sila kung utang nila un! paibhasa kasi mga bobo kau, intindihn muna kasi! and check mo den ung financial report ng lopez inc ha!
nag google ako san magandang mag ojt nahanap ko 'to.. kawawang mga pinoy pati tv station wars nadadala.. mga uto uto.
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