Gozon on foiled GMA 7 buyout


GMA 7 chair and CEO Felipe L. Gozon

GMA 7 chair and CEO Felipe L. Gozon clarified certain issues relating to ratings and the aborted buy-out deal with businessman Manny V. Pangilinan during the “K-Pop Christmas Party” the company hosted for entertainment writers on December 13.

“The Kapuso network led the ratings game by 3 percent (vis-à-vis  ABS-CBN) from January to Dec. 11, based on the recent AGB Nielsen survey.

“You are also well aware that attempts to buy the company were foiled twice, but look at Jimmy Duavit (network president and COO) and me—we’re still smiling. We don’t look sad. This is because we never really wanted to sell the station—some people just wanted to buy it.

Whatever happens, we’re OK. We posted a bigger profit this year and we expect it to grow even bigger.” Marinel R. Cruz

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  • PHtaxpayer

    yah right, so why did you even entertain the notion, Mr. Duavit?  you are a shrewd businessman who tried to get a good price.  MVP just couldn’t afford your price!

    • Handiong

      It is what is called in the vernacular, “presyong hindi nagbebenta”.

  • Jun Manacsa

    and they are raking more revenues these months until next year with the election coming in… wala pa ngang election, dami nang epal sa TV – and they pride themselves as walang kinikilingan, pawang katotohanan lamang… slogan, slogan, slogan…

  • Handiong

    GMA7 pays good dividends. I’m holding on to my shares.

  • INQ_reader

    I rarely watch GMA-7 because of too many ads.

    • popeyee

      too many ads means too many viewers..

  • EdgarEdgar

    I’m happy the 2nd attempt of Manny Pangilinan to buy GMA7 fell through. Had he succeeded, it would have been bad for our democracy and even worse for the fourth estate. But it won’t be long before Manny Pangilinan comes up with another offer. Felipe Gozon also makes his position very clear. At the right price and with no risk burden sharing, Duavit and Gozon are more than willing to sell. The specter of Manny Pangilinan and the moneyed forces behind him controlling national television, distorting news and influencing politics in this country is indeed scary. Scary enough that our legislators should consider it a national security risk. To think Manny Pangilinan already owns too much of this country from water to electricity to telco to toll road to hospitals to gold mines to airwaves and many more. Another media network with significant clout under his belt and Manny Pangilinan will become more powerful than any incumbent Filipino president without having to be elected. If our regulators and legislators fail to cut Manny Pangilinan down to size now, they will forever regret allowing his monstrosity to grow beyond their control.

  • pening

    By now Filipinoshould ask why MVPis trying to control all aspects of Phil. economy, is he not satisfy with is riches?

    • Marlon

      It is not MVP’s money. He is merely the CEO of First Pacific which is owned by the Indonesian conglomerate controlled by the Salim family.

      The real question is why an Indonesian conglomerate is being allowed by RP officials to own national industries like MERALCO, PLDT and NLEX.

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