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Mutlimedia giant ABS-CBN Corp. has earmarked P6 billion for its capital expenditures to bankroll the expansion program of its broadcast unit as well as its pay-TV business this year.

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Broadcast giant ABS-CBN Corp. is spending P5 billion for its capital expenditures as it expects significantly higher earnings this year on the back of the country’s improving economy as well as higher advertisement revenues due to the scheduled elections in May.

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ROLANDO VALDUEZA

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abtest

ABS-CBN allots P6 B for capex

By Lawrence Agcaoili | May 15, 2014 - 12:00am

Mutlimedia giant ABS-CBN Corp. has earmarked P6 billion for its capital expenditures to bankroll the expansion program of its broadcast unit as well as its pay-TV business this year.

Business

ABS-CBN allots P5B for capital expenses

By Lawrence Agcaoili | March 22, 2013 - 12:00am

Broadcast giant ABS-CBN Corp. is spending P5 billion for its capital expenditures as it expects significantly higher earnings this year on the back of the country’s improving economy as well as higher advertisement...

Business

ABS-CBN confident of topping profit target

By Lawrence Agcaoili | August 14, 2012 - 12:00am

Multimedia conglomerate ABS-CBN Corp. reported a 45 percent drop in earnings in the first half of the year on the back of the effects of the one-time gain from the sale of Philippine Depository Receipts of its unit...

Business

ABS-CBN net profit drops 23% to P2.24B in Jan-Sept

November 15, 2011 - 12:00am

ABS-CBN Corp. suffered a 23-percent drop in its net income to P2.24 billion during the first nine months of 2011 from P2.9 billion in the same period last year.

Business

ABS-CBN posts record P3.2-B income in 2010

By Zinnia B. Dela Peña | April 13, 2011 - 12:00am

Multimedia conglomerate ABS-CBN Corp. announced yesterday a record net income of P3.2 billion last year, up 87 percent from 2009, as political advertising lifted revenues.

Business

Media company ABS-CBN posts record profit growth in first half

August 10, 2010 - 11:00pm

ABS-CBN Broadcasting Corp., the Philippines biggest media conglomerate, posted an all time high profit of P2.27 billion ($50.6 million) in the first six months of the year.

ABS-CBN Q1 profit up nearly 6-fold to P1.1 billion

By Zinnia B. Dela Peña | May 14, 2010 - 12:00am

Multi-media conglomerate ABS-CBN Broadcasting Corp. reported a nearly six-fold jump in core net earnings for the first quarter this year to P1.1 billion, driven by strong advertising revenues and successful efforts...

Business

ABS-CBN well positioned for growth

November 13, 2009 - 12:00am

ABS-CBN Broadcasting Corp. expressed confidence yesterday that it is well-positioned for growth, even with the entry of the Philippine Long Distance Telephone Co. (PLDT) Group into Associated Broadcasting Corp....

Business

PCCL, ABS-CBN tie up for cage coverage

September 17, 2009 - 12:00am

The Philippine Collegiate Champions League (PCCL), an annual search for the country’s collegiate basketball champion, has signed an agreement with ABS-CBN for the coverage of its games over the next five ...

Sports

ABS-CBN profit surges 21% in second quarter

By Zinnia B. Dela Peña | August 13, 2009 - 12:00am

Media conglomerate ABS-CBN Broadcasting Corp. reported a 21-percent jump in its net income in the second quarter this year as a stronger program lineup bolstered its audience share, allowing it to maintain its supremacy...

Business