CONSISTENT with its goal of finally turning a profit next year, broadcast firm TV5 is setting aside P6 billion for capital expenditures this year, roughly the same amount the network set aside in 2012.
Manuel V. Pangilinan, chairman of ABC Development Corp. that runs the network, told reporters the allocation should help TV5 do better this year in terms of financial performance as well as audience share.
“I think we should do better this year, better programming, better talents, better revenues,” Pangilinan said on Tuesday. TV5 reported six-month losses of P2.8 billion.