th images menu user export search eye clock list list2 arrow-left untitled twitter facebook googleplus instagram cross photos entrep-logo-svg
 
News and Events

Media Mogul Woes: Weak First-Half Record at ABS-CBN, GMA Take Toll on Owners' Fortunes

Forbes' latest Philippines rich list details impact of digital disruption on TV empires

Owning a giant mass media empire remains one of the major paths to vast wealth in the Philippines.This is apparent in Forbes magazine’s 2018 list of 50 richest people in the Philippines, which included major shareholders of the country’s two leading television ...

by Lorenzo Kyle Subido  | September 10, 2018 08:00:00
News and Events

Network Wars? ABS-CBN, GMA Face Bigger Threat of Earnings Meltdown Amid Digital Shift

Both broadcasters saw net income decline in the first half of 2018

The country’s two largest television networks, ABS-CBN Corp. and GMA Network Inc. posted double-digit drops in their net income in the first half of 2018 as advertisers funnel their money elsewhere due to the seemingly growing appetite of Filipinos for alternative forms ...

by Elyssa Christine Lopez  | August 21, 2018 08:00:00
News and Events

How Much Money Did ABS-CBN and GMA Network Bosses Make in 2017?

The Philippines’ two biggest networks saw revenues and profits dip slightly last year

ABS-CBN Corporation and GMA Network Inc., the two biggest broadcasting network stations in the country, spend a lot of money. From the production of shows to advertising and marketing operations, both stations allocate billions of pesos. But one of its biggest expenses ...

by Pauline Macaraeg  | April 24, 2018 11:00:00
News and Events

SEC Revokes Incorporation of PH’s Pioneering Online Media Startup Rappler

Agency alleges company violated the Constitution’s prohibition of foreign ownership and management of the mass media

The Securities and Exchange Commission (SEC) has revoked the certificate of incorporation of pioneering online media startup Rappler Inc. for allegedly violating the Philippine constitution’s prohibition against foreign ownership and management of any mass media entity.In an order dated January 11, 2018, ...

by Roel Landingin and Elyssa Christine Lopez  | January 15, 2018 09:00:00
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
Startup Tips

Menardo Jimenez: Wired for hard work

What does it take for this entrepreneur to run 12 firms and sit on the board of about a dozen more? Former GMA Network CEO tells us how plain hard work has always helped him attain his targets in the businesses he manages.

Menardo R. Jimenez, 81, is well past retirement age, but shows no sign of slowing down. He still comes to work at 9:30 am, leaves at 7 pm, and believes in keeping busy even on holidays. He still oversees the operations of ...

by Kendrick Chua  | April 14, 2014 12:00:00
Close