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ABS-CBN posts P3.4B net loss in H1 2021

ABS-CBN News
Posted at Aug 16 10:37 AM

ABS-CBN Corp incurred a net loss of P3.4 billion in the first 6 months of 2021 compared to the P3.9 billion net loss in the same period last year, according to a financial report it filed with the PSE. Read more »

ABS-CBN to keep poll coverage despite limited resources, vows to be impartial

ABS-CBN News
Updated as of Jul 29 02:28 PM

Despite challenges posed by the loss of its broadcast franchise, ABS-CBN will cover the 2022 national elections "in as comprehensive a manner as possible" and remain impartial in its coverage, ABS-CBN President and CEO Carlo Katigbak said during the company’s annual stockholders’ meeting Thursday. Read more »

Amid ABS-CBN closure, remember to serve fellow Filipinos, Fr. Caluag tells public

Job Manahan, ABS-CBN News
Updated as of Jul 11 12:15 PM

Caluag said what ABS-CBN went through with the denied franchise should give Filipinos a "renewed sense of purpose and a new sense of discernment." Read more »

'Chilling effect' hit Philippine newsrooms in wake of ABS-CBN shutdown— veteran journalist

ABS-CBN News
Posted at Jul 10 02:46 PM

"Media operates not for its own good but for the good of the people. You get more news out there if media is courageous and unafraid, then you also have a people sovereign enough, confident enough that they are the power and that government must be afraid of how they would make these decisions when they can express these decisions."   Read more »

TIMELINE: The vote that killed ABS-CBN's franchise renewal bid

Job Manahan, ABS-CBN News
Updated as of Jul 09 05:13 PM

The denial of ABS-CBN's broadcast license is widely seen as a blow to Philippine democracy and a free press under the Duterte administration. Here's a timeline of the hearings in 2020 leading up to the media giant's shutdown.  Read more »

Lopez Holdings posts P2.6 billion net loss in 2020

ABS-CBN News
Posted at Jun 07 11:23 AM

Lopez Holdings Corp on Monday said its net loss attributable to equity holders for the year 2020 amounted to P2.625 billion.   Read more »

ABS-CBN franchise bid to be tackled in House once pandemic subsides, says Atienza

Job Manahan, ABS-CBN News
Posted at May 05 10:39 PM

"Ngayon may tsansa na yan, iba na ang speaker of the House... He (Cayetano) was pretending to be neutral but he was not neutral, he was rendering the guilty verdict," said Atienza, who described the network's ordeal as a "mistrial."  Read more »

ABS-CBN bags Golden Arrow award for good corporate governance

ABS-CBN News
Posted at Feb 24 03:49 PM

ABS-CBN was once again recognized for its good corporate governance along with the top organizations in the Philippines during the recently concluded ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Awards. Read more »

ABS-CBN appoints new COO of ABS-CBN Global

ABS-CBN News
Posted at Feb 03 11:42 AM

ABS-CBN Corp has appointed Aldrin M. Cerrado as Chief Operating Officer of ABS-CBN Global, the company’s worldwide content development and distribution subsidiary.    Read more »

Oscar Lopez, Eugenio Lopez III resign from Lopez Holdings board

ABS-CBN News
Posted at Oct 02 01:29 PM

Lopez Holdings Corp said its chairman emeritus Oscar M. Lopez and vice chairman Eugenio Lopez III tendered their resignation on Friday due to personal reasons.  Read more »

ABS-CBN focusing on ‘core capabilities’ despite ‘difficult journey’ ahead: CEO

Jessica Fenol, ABS-CBN News
Posted at Sep 24 11:03 AM

ABS-CBN Corp. is committed to finding new ways to serve Filipinos by focusing on "core capabilities” despite the denial of its franchise, said president and CEO Carlo Katigbak on Thursday as the company hopes to emerge from the crisis "better, stronger and more successful."   Read more »

Cayetano slams European Parliament for criticizing PH ‘before asking questions’

RG Cruz, ABS-CBN News
Posted at Sep 19 07:00 PM

Cayetano was reacting to a resolution adopted by the European Parliament on September 17, expressing alarm over the Philippines’ “deteriorating level of press freedom.” Read more »

NTC's order recalling frequencies has 'no additional impact', says ABS-CBN

ABS-CBN News
Posted at Sep 14 03:00 PM

ABS-CBN Corp said Monday the National Telecommunications Commission's order to recall frequencies previously assigned to ABS-CBN Corp and ABS-CBN Convergence Inc has "no additional impact" to the company. Read more »

Solon floats conspiracy following NTC's recall order on ABS-CBN frequencies, channels

ABS-CBN News
Posted at Sep 12 02:57 AM

A House lawmaker floats a grand conspiracy following the National Telecommunications Commission's recall order on ABS-CBN's highly coveted frequencies. Read more »

NTC orders recall of frequencies, channels assigned to ABS-CBN

ABS-CBN News
Posted at Sep 10 11:43 PM

This covers the iconic Channel 2, and over 70 channels and frequencies delivering news and entertainment nationwide.    Read more »

NTC recalls frequencies, channels assigned to ABS-CBN

ABS-CBN News
Updated as of Sep 10 05:02 PM

The National Telecommunications Commission on Thursday recalled the frequencies assigned to ABS-CBN, which it said was “warranted” in the absence of a legislative franchise. Read more »

FACT CHECK: Viral FB posts make inaccurate claims on Lopez family

Vera Files
Posted at Sep 08 04:37 AM

MANILA - Widely circulating among social media users since May are inaccurate Facebook posts accusing the affluent Lopez family of "fooling the Filipinos for 34 years." Of the seven claims related to the Lopezes and their history, two are downright false, four need further context, and one is unfounded Read more »

Lopez Holdings posts 93 percent drop in H1 net income due to virus, ABS-CBN losses

ABS-CBN News
Updated as of Aug 26 11:32 AM

Lopez Holdings Corp. said Wednesday its net income declined by 93 percent in the first 6 months of 2020 due to lower revenues from all business units, the COVID-19 pandemic and net loss of ABS-CBN's media business.    Read more »

ABS-CBN suffers P3.9 billion net loss in H1 on pandemic, loss of franchise setbacks

ABS-CBN News
Updated as of Aug 20 01:33 PM

ABS-CBN Corp. on Thursday said it suffered a net loss in the first half of the year, as the pandemic and non-renewal of its franchise hurt earnings. Read more »

GMA Network buys back PDRs held by foreign nationals 'to protect investments'

ABS-CBN News
Updated as of Aug 11 01:48 PM

GMA Network Inc said Tuesday it would "purchase and acquire" Philippine Deposit Receipts held by non-Filipinos to protect investments after lawmakers adopted a working group's recommendation denying the franchise of rival ABS-CBN's franchis in July. Read more »