The entertainment side of the business allows him to “feel human.” This is why businessman Manuel V Pangilinan considers TV 5 his favorite venture among the many that he manages. The TV network however has yet to turn in a profit since its acquisition in 2010. Pangilinan is into telecommunications, mining, and utilities, but entertainment via his TV station involves a different world and lifestyle from the corporate life he is used to. In an interview with Yes!, an entertainment magazine, Pangilinan said that in showbusiness “You feel the human life there…all of its stark realities.” The business realities of running a media group, according to Pangilinan, also means flexibility with financial targets. From 2013, the target for the network to get into black has been reset to 2015. “I think eventually we will turn TV5 around. The question is, will it be a good investment rather than a great investment? It’s a big unknown, but we will certainly give it a good try – out best try,” he said.
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