In a disclosure to the Philippine Stocks Exchange (PSE), GMA Network Inc. announced the resignation of one of its Directors. Judith Vasquez has ceded her position in the board of directors to make way for her other business venture. Vasquez is a member of the Duavit family, one of the three controlling families of the Media giant.
Her resignation might make way for the entry of Ramon S. Ang, who last year acquired a sizable stake in the Media company, making him the largest shareholder of GMA Network. A shakeup of the board of directors might take place this year dethroning Gozon and hailing Ang as the new chairman of the country's second largest media company.
TV NETWORK WAR ORINGAL
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