GMA Network, Inc. has filed a criminal complaint for estafa with abuse of confidence against officers of Television and Production Exponents Inc. (TAPE) for the misappropriation of funds totaling ₱37.94 million.
Television broadcast giant GMA Network is changing its program lineup and boosting its online reach to counter declining TV ratings that have weighed on advertising revenues and profitability.
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.
GMA Network will reward P2.4 billion in cash dividends to shareholders this year—an amount that exceeds its 2024 net income but remains well-covered by its retained earnings.
Philippine Entertainment Portal (PEP), an online news site known for breaking salacious celebrity gossip, is close to breaking even itself after years of operating in the red.
Television broadcast giant GMA Network ended 2024 with a net income of P2.07 billion, down 35 percent from P3.16 billion the year before, as early-year ad cuts and shifting viewer behavior weighed on earnings.
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.