GMA: Hello, PLDT and Globe

Rappler.com

A security guard for local television network GMA talks on his mobile phone outside the company's offices in Manila on March 2, 2012. AFP PHOTO / JAY DIRECTO

To help boost its bottom line, TV giant GMA Network Inc wants to distribute media content to telecommunications companies Philippine Long Distance Telephone Co. (PLDT), led by Manuel V. Pangilinan, and Globe Telecom Inc. of the Ayala group. GMA chairman and CEO Felipe Gozon said the company is in talks with the two telcos for content partnerships. GMA booked higher first-half profit, thanks to political advertisements during the election period, but its second-quarter performance was lackluster. Gozon clarified that any partnership that will be signed will only cover content. “There are no mergers and acquisitions. There is no buyout.”

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