Who will stay, who will go? ABS-CBN reportedly mulling merger of loss-making ANC, Teleradyo

ABS-CBN Broadcasting of the Lopez family is reportedly planning to trim its channel portfolio by the end of this year to further cut costs.

A Babbler said management led by president and CEO Carlo Katigbak is studying a proposal to merge its two loss-making channels, ABS-CBN News Channel (ANC) and TeleRadyo.

Babbler said ABS-CBN could only afford to keep one channel since both have been losing heavily even before the Lopezes lost their franchise two years ago.

“There are some programs in these channels that are profitable and could be retained to form one channel,” Babbler said.

Among the programs likely to be retained are Karen Davila’s Head Start and the late night news show The World Tonight on ANC and Noli De Castro’s morning news program on TeleRadyo.

Had the joint venture with TV5 materialized, Babler said ABS-CBN would have to cut either TeleRadyo or ANC or merge both.

But an ABS-CBN insider claimed management has yet to make up its mind on what to do with ANC and TeleRadyo as it was still licking its wounds after the network’s collaboration with TV5 of bilyonaryo Manny V. Pangilinan fizzled out due to pressure from Congress and the National Telecommunications Commission.

ANC was launched in 1996 as the country’s first all-news network while TeleRadyo is the televised format of ABS-CBN’s AM radio station DZMM. Both were aired on SkyCable before ABS-CBN’s franchise lapsed in May 2020.


Carlo Katigbak cuts ABS-CBN bleeding as fallen media giant copes with shrinking ads a year after losing franchise

Bangon Kapamilya! Carlo Katigbak narrows down ABS-CBN’s losses by more than half after cranking up ads, slashing costs

DOE raises RE utilization percentage for on-grid areas

The Department of Energy (DOE) has increased the percentage of the utilization of renewable energy for on-grid areas from one percent to 2.52 percent in line with the administration’s goal of transitioning towards a sustainable and clean energy future.

Germany raids properties belonging to Russian oligarch

German investigators on Wednesday raided properties belonging to a Russian oligarch suspected of tax evasion and breaking EU sanctions, police and prosecutors said, with sources naming billionaire Alisher Usmanov as the target.