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TV
GMA net income rose by 72% to P3.11 billion in January-September
BUOYED by the windfall from the recently concluded national and local elections and supplemented by the improvement in sales from recurring placements, broadcasting company GMA Network Inc. saw profits surging by more than two thirds in the first three quarters of the year. Based on a filing with the stock exchange, the listed network’s net income for the first nine months of the year stood at P3.11 billion, a 72-percent rise from P1.8 billion the year prior, as revenues grew by 25 percent to P11.67 billion, from P9.37 billion.
ABS-CBN, GMA claim TV rating dominance in October
RIVAL broadcasters ABS-CBN Corp. and GMA Network Inc. claimed in separate statements on Thursday they dominated the ratings war last month.