Financial, market and economic news

GMA profit up 79 percent, ABS-CBN’s ad sales drop 65.5 percent

MANILA, Philippines—GMA Network Inc. saw a surge in profits while ABS-CBN Corp. recorded a multi-billion peso loss, their latest financial results released on Monday (Nov. 16) showed. The vast difference in financial performance between once close rivals in television broadcasting reflected the impact of the rejection of ABS-CBN’s bid for franchise extension under President Rodrigo […]

The post GMA profit up 79 percent, ABS-CBN’s ad sales drop 65.5 percent appeared first on Inquirer Business.

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