SUMMARY
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If there’s no agreement within the year, the deal is off. GMA-7 Network chairman Felipe Gozon said on Tuesday, July 31, the much-anticipated deal with TV5 chair Manuel V Pangilinan may push through in 2012, otherwise it will be terminated. The big boss of the country’s second largest media group said they “must prepare for new and better opportunities” ahead as negotiations with Pangilinan have entered a make-or-break period. Speaking at the Philippine Stock Exchange floor to mark GMA-7’s fifth anniversary of listing at the Stock Exchange, Gozon said TV is “in a constant state of flux” owing to technological advancements. He said he urges network employees to “strive to do better today than yesterday.”
Read the full story on Rappler.
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