Quezon City, Philippines – The consolidated net income of ABS-CBN Corporation, the country’s largest media and entertainment company, registered P1.891 billion for the first nine months of 2013, an increase of 22% compared to P1.555 billion in the same period last year. ABS-CBN has also generated consolidated revenues of P25.227 billion from advertising and consumer sales, a 16% increase compared to last year. Advertising revenues reached P14.773 billion, an increase … [Read more...] about ABS-CBN’s nine-month income up by 22%
destiny cable
ABS-CBN reports recurring income growth for 2012
Quezon City, Philippines – The consolidated net income of ABS-CBN Corporation registered P1.708 billion for 2012, down by 29% compared with P2.420 billion in 2011. Removing the effects of the gain from the sale of investments recognised in 2011 amounting to P1.032 billion, net income increased by 23%. According to the company, the growth in recurring income was fuelled by strong advertising revenues and consumer sales. ABS-CBN generated consolidated revenues of P31.7 billion from … [Read more...] about ABS-CBN reports recurring income growth for 2012
AXN and beTV expands reach in the Philippines via Destiny Cable
Singapore / Manila – SPT Asia has signed an agreement with Sky Cable Corporation to expand carriage of AXN and beTV to the Destiny Cable pay-TV platform in the Philippines. Both channels are located on Destiny Cable’s basic tier of channels, which are available to its widest base of subscribers. Destiny Cable customers can now enjoy AXN and beTV on channels 61 and 62 respectively. “The Philippines is a key market where we continue to invest and hope to entertain even greater … [Read more...] about AXN and beTV expands reach in the Philippines via Destiny Cable
