MVP: WE ARE STRUGGLING TO TURN AROUND TV5!

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.

SY ECLIPSES MVP'S CORE BUSINESS AS THE MOST VALUABLE FIRM IN PH!

MANILA, Philippines - The holding firm of the country's richest man overtook the country's largest telecommunications firm as the most valuable public company in the Philippines for a day.

SM Investment Corp's (SMIC) market value -- the price of its stock multiplied by the number of outstanding shares -- soared to P562.23 billon by mid-trade on December 26 when its share price hit a high of P902.5.

STAR CINEMA'S ONE MORE TRY GRABS BEST PICTURE IN THE 38TH MMFF!

Pinaghati-hatian ng tatlong pelikula ang karamihan ng mga tropeyong ipinamahagi sa Gabi ng Parangal ng 38th Metro Manila Film Festival na ginanap ngayong gabi, December 27, sa Meralco Theater, Pasig City.

Ang Thy Womb, El Presidente, at One More Try ang nakakuha ng pinakamaraming awards.

Ang One More Try ng Star Cinema ay nagwagi ng limang tropeyo; kabilang na ang Best Picture, Best Screenplay, at Best Actor para kay Dingdong Dantes.

TV5'S ENCHANTED GARDEN BEATS KAPUSO PRIMETIME SHOWS IN URBAN AREAS OUTSIDE MM!

Enchanted Garden’ leads in Regional Media Markets, topple All Kapuso Programs in Mindanao

TV5’s environment-focused and acclaimed primetime fantasy series Enchanted Garden leads GMA’s primetime drama series in the country’s regional media markets such as Dagupan, Cebu, Davao, Cagayan de Oro and General Santos City in the TV ratings (September 16 to November 30) based on Nielsen Media Research’s Metro City TV Audience Measurement (MCTAM).

UNLIKE GMA-7, TV5 IS NOT THREATENED BY PTV'S REVIVAL!

MANILA, Philippines - The head of Philippine Long Distance Telephone Co. (PLDT), which owns the country’s third largest television network, is cool to the proposed bill filed at the Senate seeking to revive the state-owned People’s Television Network Inc. (PTV).

PLDT chairman Manuel V. Pangilinan said the government-run network needs to earn money to sustain its operations through the proposed law that would allow it to compete with private television companies for advertising and commercial interests.

ePLDT TO INVEST P6 BILLION TO DEVELOP TV5 AND CIGNAL!

MANILA, Philippines - After the failed talks to seal a deal with GMA Network, the second biggest media network in the country, the group of businessman Manuel V. Pangilinan will be pouring more funds into the third biggest, TV5.

This was confirmed by Napoleon Nazareno, the president of TV5 affiliate and Pangilinan-led Philippine Long Distance Telephone Co. (PLDT), to reporters in a Makati City .

AFTER FAILED TALKS WITH PLDT, GMA7 WAITING FOR A BUY OUT OFFER FROM SAN MIGUEL GROUP!

MANILA - (UPDATED 6:59 p.m.) The chairman of GMA Network Inc said any move by San Miguel Corp to invest in the broadcast company will be quick, describing the food-and-beverage conglomerate's president as "anything but torpe."

But San Miguel top honcho Ramon S. Ang has yet to make an offer, let alone send a "dinner" invitation or "love letter," GMA7 chairman Felipe Gozon told reporters.

"Wala maski love letter. Hindi ako iniimbita for dinner. Si Ramon aggressive yan. Ramon Ang is anything but torpe," Gozon said, when asked if the San Miguel executive made a move to acquire the network after GMA7 and the group of Philippine Long Distance Telephone Co terminated negotiations.

GMA7 OPPOSES BILL TO ALLOW PTV4 TO SELL AIRTIME!

MANILA - GMA Network Inc is opposing a bill that would allow state-owned People’s Television Network (PTV) to sell airtime and earn advertising revenue.

Felipe L. Gozon, GMA7 chairman, told reporters that Senate Bill No. 3316, or An Act Amending the Charter of the People's Television Network, is "very, very unfair" because unlike private broadcast companies, PTV4 enjoys state subsidy.

CHARO SANTOS-CONCIO APPOINTED AS ABS-CBN'S NEW CEO!

MANILA, Philippines - ABS-CBN Corp. on Tuesday announced the appointment of Charo Santos-Concio as the media conglomerate's new chief executive officer effective Jan. 1, 2013.

The new position will be in addition to Concio's current designation as the company's president and chief content officer, the firm said in a statement.

Eugenio "Gabby" Lopez, who assumed post as chairman and CEO in 1996, will remain as chairman of the company.

Concio was promoted as ABS-CBN President in 2008, after serving as the company's Head for Channel 2 in 2006, Executive Vice President in 1998, Senior Vice President of TV Production in 1996, Vice President of Production Operations in 1991, and Director for Programs in 1989.