An official of GMA Network Corp. said all major shareholder groups said have agreed to sell GMA-7 at the right price, as matured market and rising costs pull company profit down.
In the first 3 months of the 2012, the net income of GMA-7 was down over 27% to P388 million from P534 million in the same period in 2011. This has been among the lowest net income of the company since 2003.
In the first 3 months of the 2012, the net income of GMA-7 was down over 27% to P388 million from P534 million in the same period in 2011. This has been among the lowest net income of the company since 2003.
This profit drop was despite the company's effort to control cost and protect revenue flow through an early booking scheme which calls for advertisers to seal early subscriptions to GMA Programs for the entire year.
GMA's share of the advertising market has been continuously losing to TV5 despite stealing the National Ratings leadership from ABS-CBN. This was worsened by rising cost triggered by the country's Digital Shift and tougher competition from ABS-CBN and TV5.
It cited lower revenues from advertising, subscription and other
sources. These main revenue streams decreased by 4% quarter-on-quarter.
He stressed though that GMA-7 is still an attractive buy and that other groups, aside from rival TV5 chair Manuel V. Pangilingan, have approached to acquire them before.
"We [are on] the same [page]. There is no disagreement among the major stockholders. We have one position," said GMA Chairman Felipe Gozon at the sidelines of the network's annual stockholder's meeting on May 16.
"Even if we are not for sale, at the right price we might be persuaded to sell," he said.
The network is controlled by the Gozon, Duavit and Jimenez families.
The owner of the TV5, Manuel Pangilinan, has denied that he is currently in negotiations to acquire rival GMA7, but had said his "interest continues."
"I'm just waiting for an offer that will be acceptable, so far we have not received any offer that is acceptable. I am not closing the book," said Gozon.
He added, "There is nothing permanent in this life. Even your children you let them go when they reach the age of maturity."
TV NETWORK WAR ORIGINAL
"We [are on] the same [page]. There is no disagreement among the major stockholders. We have one position," said GMA Chairman Felipe Gozon at the sidelines of the network's annual stockholder's meeting on May 16.
"Even if we are not for sale, at the right price we might be persuaded to sell," he said.
The network is controlled by the Gozon, Duavit and Jimenez families.
The owner of the TV5, Manuel Pangilinan, has denied that he is currently in negotiations to acquire rival GMA7, but had said his "interest continues."
"I'm just waiting for an offer that will be acceptable, so far we have not received any offer that is acceptable. I am not closing the book," said Gozon.
He added, "There is nothing permanent in this life. Even your children you let them go when they reach the age of maturity."
TV NETWORK WAR ORIGINAL
Posts
17 comments:
ibenta kay MVP then Merge ang GMA at Tv5..'pero malabo kung iibenta ni Gozon ang GMA sa kanyang share lang dahil how about Duavit and Jimenes Families ??.. HMMMN
wat..ABS 1 percent down..GMA 27 PERCENT down WAWA lage luge ibenta n nga huhuhuhu..
Paano naman kasi kayo kikita? e
di na kayo marunong build up ng talent style nyo kasi daan sa palakasan kahit hindi na kinakagat ng tao panay build-up ninyo parin
hindi kayo lugi sa ibang talent be fair naman kayo.
kay marian rivera kayo nalulugi dahil sa malake ang nawalang pera
di kumikita ang kanyang mga project.
period;
Weeh? Maniwala?
sabi ko naman kasi, hindi nakukuha sa press and praise release ang mga televiewers and advertisers!!!
ABS-CBN 2 RULES!!! ANG TUNAY NA NO.1
SAN n un mga BOBO n nag sasabe n tunay n NUMBER daw un GMA???
s news n 1 percent down un ABS ang saya n...at akala mo sino mkpag comments...
s GMA n 27 percent down it tink now mga un UMIIYAK na OR NAG TATAGO n S SYA ng GMA s khihiyan heheheheh...
ganyan ang epekto ng double no.1.....boooooooooooooooooooom
lahat ng show dapat kay marian nlang...puro marian..marian na lahat..marian sa araw..marian sa hapon..marian sa gabi..marian na rin sa madaling araw...
ahahahhahaahhahahah..pak!!!!
C0rrecti0n
ABS CBN 1% GROWTH in reccuring net revenue in the 1st quarter. . Walang sinasaBI sa ARTICLE kundi 1% up growth
Sa gma7 27% down ng 1st quarter nila
hindi na kinayang pagtakpan ng press and praise release hehehehe.....
ang double no.1 daw
eh double for sale na din?
lol!!!
ayan na litaw na ang katotohanan...dobol NO.1 sa kabulukan ang GME..hahahha..imagine ang ABS sa 1st quarter ng 2012 may 1%growth sa profit peo ang bulok na dobol number 1 sa AGB 27% drop sa profit..BWAHAHAHA..san na ang mga tanga KAPUPU? kakahiya inu uto lang kayo ng network niyong manloloko! BWAHAHAHA...ayan tuloy for sale na ang GMEWWWWWWWWWWWWWW!
Ok. GMA nga nga nga in 3... 2... 1! lol
GMA telebaba ng income
wow GMA drop to the next level talaga LOL. iyak mga kapuso paano na kayo nyan. ayan dobol digit din ang kabobohan ng fans ng GMA.
for sale for sale for sale
anong napala ng double no.1
gma news tv 500 million ang lugi
qtv 100 million pesos ang lugi
akala ko ba number 1 cla nationwide
cno ba ang niloloko ng mga kapuso executives na ito???????????????
abs net 2012 306 milon GMA 388 million
ABS-CBN 2 NET INCOME - 306 MILLION
ABS-CBN 2 SKY CABLE - 368 MILLION
= 674 MILLION
GMA 7 NET INCOME = 388 MILLION
KITANG KITA KUNG SINO ANG MAS MAYAMAN, KUNG SINO ANG LARGEST NETWORK IN THE COUNTRY
Post a Comment