MANILA - The operator of TV5 will overhaul its programs and trim costs in a bid to cut losses in the near term, as its chairman admitted that it would "take longer" before the network turns in a profit.
Manuel V. Pangilinan, chairman of ABC Development Corp, said losses in the second half of 2012 are likely to mimic the P2.8 billon hemorrhage in the January to June period.
"[But] we do expect it to reduce in the coming years," Pangilinan said, adding for next year alone, revenues would improve because of election spending.
One of the major reprogramming moves is the transfer of Willie Revillame's "Wil Time Bigtime" show to noontime from its current primetime slot.
The variety show's primetime slot pits it against the news programs of rivals ABS-CBN and GMA Network. With the transfer to noontime, "Wil Time Bigtime" would go head-to-head with "Showtime" (ABS-CBN) and "Eat Bulaga" (GMA7).
"I think it's best to reposition and reformat the show. It would costs us, but we would expect a better revenue," Pangilinan said.
He said production of the show would also transfer from the Novaliches studio to the newly refurbished Delta Theater.
"So, we have to program how to replace those primetime hours. We needed someone like him to give the first boost for TV5 so we needed to anchor the primetime. We still have to finalize our program grid," Pangilinan said.
He said MediaQuest Holdings' investment in print and radio was "okay," adding that, "It's really the TV5 that continues to struggle. It will take longer than expected to become profitable."
MediaQuest holds the media assets of the PLDT group. Apart from TV5, MediaQuest also owns Cignal as well as 30 percent of BusinessWorld, 10 percent of Philippine Daily Inquirer and 20 percent of Philippine Star.
Napoleon Nazareno, president of Philippine Long Distance Telephone Co, had said the company would invest more in TV5 to build the network after the botched talks for the company's buyout of GMA7's major shareholders, namely the families of Gozon, Duavit and Jimenez, who own a combined 79 percent of the broadcast company.
Earlier, the PLDT board approved a P6 billion investment in TV5 and Cignal, the group's satellite TV service. The investment would be in the form of a subscription in Philippine Depository Receipts that MediaQuest would issue.
Of the total amount approved, P4.8 billion would go to TV5 and the remaining P1.2 billion to Cignal.
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17 comments:
nakaka nerbyos i-re-renew pa ba ang kontrata ko???
ikaw ba yan ate shawie? LOL
struggling pa rin kayo TH5 sa 2013. hehehehe
and chanel2 along Scout bario wil defintly be sTRUNGled to number 2 again jeje
and the dominance of 7 along EDSA continues!
Libre Mangarap - ahahaha
grabe ang SOSY prblm ng GMA films grabe ang halakhak ng mga tao dahil sosy p! mas lalo sa arinola to the pilapil parts!
sumakit ang tiyan ko sa kakatawa!
salamat sa gma films!
sori na lng sa di nakapanood ng sp!
one of the bests to watch this in mmf ths yer!
di ko pinagsisisihan and di manood ng sossy FLOPlems
gma felms
sa kangkungan na kamuning na lng
walang ka dala dala!
yuck! sossy tae! baduy to the max! nkakasuka yung comment sa taas! yung gustong gusto daw ang sosy tae! what a poor taste! ewww!
kung ano ang gustong panoorin, kung ayaw ayaw basta ako sisterakas and one more time. nakapanood na ako sulit ang binayad ko for enterntainment.
luto mmff awards dapat sossy problems nanalo best picture. pang international ang quality...
AY SOS, ANG SOSY, PROBLEMA TALAGA, SORY PROBLEM GMA.
congratulations sosy problem and gma, at least dahil mmff ngayun sure na maka breakeven kau, di na masama di ba, di masyado flop, break even ok na. first time in the history of gma films yan - ang maka break even. har har har
fisrt time daw ,manood ka sa muruami, jose rizal movie at iba blokbuster nna gMA films! gustu mu talgng sirraan but yur just ashole compared sa mga bumubuo ng SOSY
Super lauhg kau sa Sosy promise paglabas nio sa sinehan tanggal ang stress nio dahil sa katatawa!
sosi pa. at malalaman nio pa kung saan kau kabilang society, low, or high cls or midle clas something like that kaya go na sa sosi or else u will regret
no regret sa panonood ng sisterakas at one more try. Go kapamilya.
Masasabi ko lang sa sossy problems! It's a social climber movie! Hahaha. Nakkaduwa! Tuturuan ka lang maging maarte at maging social climber! Hahaha. Yung mga nagenjoy sa movie nakakuha ng tip panu maging sushal! Hahaha. Ewwwnesss overload!
The Metro Manila Film Festival will run until January 8, 2013.
Here is the ranking of the films on the 5th day of the MMFF:
1. Sisterakas – P167 million
2. One More Try - P91 million
3. Si Agimat, Si Enteng, at Si AKO – P79 million
4. The Strangers – P72 million
5. Shake Rattle and Roll 14: The Invasion – P66 million
6. Sosy Problems – P37 million
7. El Presidente – P30 million
8. Thy Womb – P24 million
http://www.pep.ph/guide/movies/11281/sisterakas-leads-in-box-office-race-of-the-38th-metro-manila-film-festival
One of the bests? Wow! May plural form na pala ang adjective na "best" ngayon! Walang sense to! Not credible, halatang taga kamuning to na umaasa lang sa sardinas!!! Walang sustanysa ang kinakain niya kaya tanga! Siguro ang ibig mong sabihin, one of the Beasts! Hahahaha may tama ka!!!!
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