Pangilinan denies TV5 merger with GMA 7
By Bayani San Diego Jr., Marinel R. Cruz
The denial came just as swiftly as the “confirmation.” When business tycoon Manuel V. Pangilinan addressed a media gathering in San Francisco, Calilfornia, on Friday, he seemed to speak for two television networks: TV5, which he chairs, and GMA 7, which he has been trying to buy through the Philipine Long Distance Telephone Co., of which he is also chair.
