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.