The Lopez-led ABS-CBN Corp. and Zobel-backed Ayala Land Inc. on Wednesday signed the deed of absolute sale for most of the network’s land in Quezon City.
Media giant ABS-CBN Corp.’s turnaround gained ground in the first half of 2025 as election-fueled ads, digital momentum, and global concerts helped cut its losses by 60 percent to P852 million.
Romualdez family-backed Prime Media Holdings Inc. is rebranding its radio venture with the Lopez’s ABS-CBN Corp., bringing back the familiar DZMM branding to bolster its financial viability.
Sky Cable, controlled by the Lopez family’s ABS-CBN Corp., has successfully restructured over P4 billion in bank loans, giving the company breathing room by easing payment terms and avoiding a possible cash crunch.
The Philippines’ top media companies rode a wave of political ad spending in the first quarter of 2025, with GMA Network nearly quadrupling its net income to P801 million and ABS-CBN Corp. cutting its losses by 50 percent to P500 million.
Many expected ABS-CBN to reach a deal for its iconic broadcast center property in Quezon City with Rockwell Land. So why did it go to Ayala Land instead?
The Lopez family-led ABS-CBN Corp. secured a six-month debt reprieve from one of its key lenders, Ayala Group-backed Bank of the Philippine Islands (BPI), for a P5 billion loan.
Despite losing its broadcast franchise years ago, ABS-CBN Corporation continues to lead Philippine media—clinching the Gold in FinanceAsia’s 2025 Media & Entertainment category.
A new study by the Philippine Competition Commission (PCC) warned that competition in the free television industry has weakened after ABS-CBN Corp.’s franchise nonrenewal, leaving GMA Network with a 93 percent market share.