ABS-CBN not threatened with GMA, TV5 merger


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photo courtesy of ABS-CBN

The merger between GMA 7 and TV 5 that’s supposed to be finalized within the year offered little threat to ABS-CBN.

Charmain and CEO of ABS-CBN, Eugenio “Gabby” Lopez III confidently stated that the merger does not change anything and that they are just very focused on their own strategy.

Lopez added that they are competing not only against channels but the internet, hundreds of channels and that it makes no difference to him if there’s one owner or a hundred owners because they’re still competing against all of them.

TV 5 Chairman Manny V. Pangilinan announced during PLDT’s stockholders meeting that the merger will be finalized within the year.

So what do you think guys? Do you think Mr. Lopez spoke to soon?

VIA

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