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Bilyonaryo - Business

PCC warns MVP, Lopez groups: Be sure TV5, ABS-CBN joint venture won’t lessen competition

  • August 5, 2022
  • Bilyonaryo.com

The Philippine Competition Commission (PCC) has ordered TV5 and ABS-CBN Broadcasting to conduct due diligence to ensure their proposed 65-35 joint venture won’t create a media giant that will lessen competition in the TV industry.

The antitrust watchdog is mandated to ensure fair market competition.

Kapit lang Kapamilya! Katigbak mans up to massive losses suffered by shareholders, promises ABS-CBN nearing recovery

PCC issued the fair warning after bilyonaryo Manny V. Pangilinan revealed his group and the Lopez family are in the “closing stages” of a proposed joint venture between TV5 and ABS-CBN after over a year of haggling.

“PCC trusts that firms undertaking sizeable mergers or acquisitions conduct due diligence to ensure compliance with our antitrust law and engage in consultation with the Commission, where necessary,” the anti-trust watchdog said in a statement.

Suko na! Katigbak admits getting new franchise may not be in ABS-CBN’s plans

“This includes M&A or joint venture transactions with considerable share in the markets they operate in — such as the reported transaction between TV5 and ABS-CBN, two of the top media firms in the country,” it added.

PCC said its job is to prevent the rise of new monopolies or consolidation of market power that may be detrimental to consumers.

May pinagsamahan! Carlo Katigbak’s ties to Marcos Jr might help ABS-CBN get new franchise

GMA Network of bilyonaryo Felipe L. Gozon has emerged as the dominant player in the TV industry since the former media giant ABS-CBN lost its franchise in 2020. TV5 is a far second to GMA.

The National Telecommunications Commission has given ABS-CBN’s free TV channels to ultra bilyonaryo Manny Villar, Pastor Apollo Quiboloy, and the heirs of the late businessman Antonio Cabangon-Chua.

Pahinging prangkisa? ABS-CBN’s Carlo Katigbak spotted at Marcos Jr’s HQ

Valuation, TV Patrol remaining issues: MVP group to retain majority in planned TV5-ABS-CBN alliance

  • Related News Tags: ABS-CBN, Carlo Katigbak, Manny V. Pangilinan, Philippine Competition Commission (PCC), TV5
PrevPreviousFrederick Go gets SEC go signal to proceed with RLC’s P15B bond offer
NextCampos family adds Kitchen Basics to its portfolio in $99M dealNext

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Bilyonaryo on CNN

Bilyonaryo on CNN

Veteran journalist Ces Drilon, with CNN Philippines President Benjamin V. Ramos, and officials of Prage Management Corp. sign a blocktime contract agreement for the airing of “Usapang Bilyonaryo” - a profile feature show starting January 16. -- CNN Philippines

SEC, UP Law Center to ratchet up regulation on fintech

The Securities and Exchange Commission (SEC) has teamed up with the University of the Philippines Law Center (UPLC) to formulate new policies to better regulate financial technology (fintech) in the country.

US embassy holds Indo-Pacific Business Forum

The US embassy hosted the fifth Indo-Pacific Business Forum which highlighted its continued engagement with partners on economic issues to promote sustainable inclusive growth.

Ayaw nang magsunog ng pera! Penny-pinching Manny Villar axes ALLTV shows of Willie Revillame, Toni Gonzaga but promises to pay all talent fees

Ultra bilyonaryo Manny Villar has pulled the plug on ALLTV’s anchor television programs just five months after their soft launch on the 65th birthday of President Bongbong Marcos.

Who got richer? All ultra bilyonaryos open 2023 with a bang

The country’s uber rich enjoyed massive gains in in the first month of 2023 amid growing optimism on the economy.

Saludo sa serbisyo: Ayala group inks MOU to aid Philippine Coast Guard personnel

The Ayala Group is extending assistance to the uniformed personnel and civilian employees of the Philippine Coast Guard (PCG).

SEC, UP Law Center to ratchet up regulation on fintech

US embassy holds Indo-Pacific Business Forum

Ayaw nang magsunog ng pera! Penny-pinching Manny Villar axes ALLTV shows of Willie Revillame, Toni Gonzaga but promises to pay all talent fees

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Saludo sa serbisyo: Ayala group inks MOU to aid Philippine Coast Guard personnel

Bongbong Marcos gets huge investment pledge from Grab; 500K jobs waiting for Filipinos

Casinos are booming again and Pagcor’s Al Tengco expects growth to continue in 2023

Robina Gokongwei’s RRHI continues momentum, delivers record earnings in 2022

Big Boy, Coyiuto to stay as private partners? Marcos mulls use of Maharlika Fund to buy out China’s State Grid from NGCP

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Manny Villar’s Vista Land issues additional corporate notes

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Usapang Bilyonaryo by Ces Drilon

Usapang Bilyonaryo
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“Usapang Bilyonaryo” is a digital-first, hybrid magazine show hosted and produced by veteran broadcast journalist Ces Oreña-Drilon in cooperation with the Bilyonaryo.com team. The 30-minute TV cut airs on CNN Philippines at 8 PM every Monday, starting January 16. The full version or producer’s cut of each episode, as well as interview splices, will be posted on Bilyonaryo.com’s Youtube and Facebook accounts.

 

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January 12, 2023

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