Gozon clarifies news article on network buyout

CEBU, Philippines - GMA Network Chairman and CEO Felipe Gozon today reacted to the business headline of the Philippine Daily Inquirer titled, “GMA7 acquisition price seen at P52.5B.”

The story bylined by Doris Dumlao referred to “sources familiar with the discussions,” and “another source close to the sellers” as basis for her story.

Gozon clarified that “we are not the source of the information,” adding that, “we have not signed anything with the supposed buyer.”