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ABS-CBN announced that it is letting go of 200 employees amidst ‘a difficult year’ for the content industry. Its president says this would be the last retrenchment program under his leadership.
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Gabby Lopez still has no board seat, title, or chairmanship in the Lopez group, not even at ABS-CBN. What he now has is a direct financial stake in ABS-CBN's rescue after giving up everything else.
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In the five-month Lopez family saga, there is one, inescapable fact: someone has to put money in.
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The latest movement in the Lopez family war is, on paper, a retreat.
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The once mighty broadcast giant is still in the red, but a healthy content stream and cost reductions seem to indicate it is on a path to profitability.
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Here's who made it to our list.
Sparkling ensembles were the order of the night at the 2024 GMA Gala. The country's biggest stars turned up in their black-and-white-with-a-touch-of-sparkle best. Not only did celebrities from the Kapuso network's very own ...
It also does not intend to buy back the assets it had already sold.
Don't expect ABS-CBN to return to the airwaves as a full-fledged, free-to-air broadcast network anytime soon. In a disclosure to the Philippine Stock Exchange on Tuesday (February 27), the Lopez-owned network belied rumors that it was ...
Subscribers will still get to enjoy Sky Cable, for now.
This all sounds incredibly familiar. On Thursday (February 22), ABS-CBN announced that the sale of its cable business Sky Cable to PLDT is not happening. Both companies said they have "mutually decided" not to proceed with the sale and did not ...
The new joint venture between the two companies has attracted veteran broadcasting talent including Noli De Castro, Doris Bigornia, Alvin Elchico, and Bernadette Sembrano.
Media Serbisyo Production Corp. (MSPC), the new media company partnership between listed Prime Media Holdings Inc. (PRIM) and ABS-CBN, is 'making a mark' in the local broadcast industry, PRIM announced on Thursday (October 5). PRIM, the broadcast media arm of a ...
The former broadcaster was catching a flight to Hong Kong when he was stopped by immigration officials.
Authorities have confirmed that retired broadcaster and columnist Jay Sonza was arrested by the National Bureau of Investigation (NBI) for alleged syndicated and large-scale illegal recruitment.According to an NBI report obtained by Esquire Philippines, Sonza had been temporarily arrested by ...
They were once locked in an epic battle for supremacy.
Picture this: two media behemoths, once locked in an epic battle for supremacy, are now raising their glasses in a toast of harmony. In an unusual turn of events, ABS-CBN executives were spotted attending the GMA Gala 2023, burying a decades- ...
The long-time showbiz reporter was a pillar of broadcast journalism.
Veteran broadcaster and entertainment stalwart Mario Dumaual died on Wednesday, July 5, at the age of 64, his family confirms."We are devastated to announce the passing of Mario Dumaual," his son, online journalist Miguel Dumaual, says. "What comforts us is he ...
What’s happening?
On Tuesday (May 23), ABS-CBN announced that it was ceasing operations of Teleradyo, its online broadcast news platform. The media giant said the news channel has incurred financial losses since 2020, when Congress denied ABS-CBN an extension of its broadcast ...
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