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News and Events

Ramon Ang In Talks to Acquire Majority Stake in Philippine Daily Inquirer

Prieto family will divest from media company after 25 years

San Miguel Corp. CEO Ramon S. Ang is in talks to buy a majority equity stake in media company The Philippine Daily Inquirer (PDI), one of the country’s biggest English-language dailies that helps frame national debates and discussion.In a statement posted by ...

by Paul John Caña and Pauline Macaraeg  | July 17, 2017 07:00:00
News and Events

ABS-CBN Wins Quick Relief from Court Order to Seize its Bank Accounts, Assets

Mandaluyong court lifts garnishment order the same day the broadcast company files a motion

ABS-CBN Corp. moved quickly to thwart a court issuance ordering the garnishment or seizure of the broadcast company and its cable television unit’s bank accounts and other assets in connection with a dispute with Solar Entertainment Corp. over the airing of BTV ...

by Entrepreneur Staff  | May 30, 2017 05:00:00
News and Events

Court Orders Seizure of ABS-CBN Assets Over Dispute with Solar on Airing of NBA, BTV Channels

Mandaluyong court also requires Solar to post a bond for Php659 million

UPDATE: The Mandaluyong court has granted ABS-CBN's motion to lift the writ of attachment and garnishment. Read the full story hereA Mandaluyong city trial court has issued an order to garnish or seize bank accounts and other assets of ABS-CBN Corp. and its ...

by Entrepreneur Staff  | May 30, 2017 03:00:00
News and Events

Does the ‘Duterte Factor’ Affect ABS-CBN and GMA Share Prices?

The stock market reacts more strongly to the President’s actions than to companies’ financial performance

President Rodrigo R. Duterte likes to say he knows little of economic and financial matters though his aides and officials add he is more familiar with the subject than he lets on. What is not a matter for debate is his outsized ...

by Pauline Macaraeg  | May 22, 2017 05:00:00
News and Events

ABS-CBN vs GMA: Who’s Really Winning Viewers and Making Money?

Despite widely varying revenues, the broadcast companies’ profits are almost at par

When talking about big players in the battle for viewers on the small screen, two major networks immediately come to mind: ABS-CBN Corp., which operates Channel 2, and GMA Network Inc., which broadcasts on Channel 7.The so-called network war is so intense ...

by Pauline Macaraeg  | May 02, 2017 10:00:00
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