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.
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.
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.
The Philippine Daily Inquirer is merging its print and digital operations, with Inquirer Interactive Inc., publisher of Inquirer.net, set to take over newspaper publication starting July 1, 2025.
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.
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.