The Lopez group’s multi-media giant ABS-CBN Corp. expressed confidence that its push toward financial recovery remains on track, driven by narrowing losses and strategy focused on content distribution five years after the non-renewal of its broadcast franchise. At the company’s annual...
The Lopez Group’s multimedia arm ABS-CBN Corp. reported that its consolidated net loss ballooned 115 percent to ₱1.83 billion in the first half of 2026 from losses of ₱852 million in the same period last year due to SkyCable’s weakening broadband and cable TV businesses. In a disclosure to...
Lopez Holdings Corp., one of the two publicly listed holding companies of the Lopez family, reported a three-percent growth in attributable net income to ₱5.52 billion for the first six months of 2026 from the ₱5.34 billion earned in the same period last year. Unaudited consolidated revenues...
The entry of I&C Holdings Corp.—a firm linked to Fortman Cline Capital Markets—as the second-largest shareholder of cash-strapped ABS-CBN Corp. is seen by market analysts as a strong vote of confidence in the media company’s turnaround story. “With a ₱3.5-billion commitment, investors are...
The three branches of the Lopez family majority, comprising Crème Investment Corp., Mantes Corp., and Presta Holdings Co. Inc., announced that they will invest ₱2.2 billion in ABS-CBN Corp. as part of a total of ₱6 billion to be raised by the media company. In a statement on Wednesday, Aug....
ABS-CBN Corp. vowed to defend itself against allegations of financial mismanagement and “creative bookkeeping” lodged by its board member, pushing back against the regulatory probe that threatens to deepen the media company’s long-running financial distress. In a statement, the Lopez-led...
The Securities and Exchange Commission (SEC) has formed an ad hoc committee to investigate allegations traded between rival factions of the Lopez family, a dispute that threatens to engulf two of the Philippines’ most high-profile companies, First Gen Corp. and ABS-CBN Corp. ABS-CBN disclosed to...
ABS-CBN Corp. asked to be excluded from an escalating legal battle within its controlling family, following allegations by board director Federico “Piki” R. Lopez that the media company’s top executives dissipated corporate funds. ABS-CBN issued a statement on Friday, May 8, urging the public...
ABS-CBN Corp. reported that its consolidated net loss narrowed by 23 percent to ₱4.72 billion last year from ₱6.09 billion in 2024 after advertising revenues rose due to the 2025 midterm elections and its primetime hits. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, April...
A majority of the board of directors and advisors of ABS-CBN Corp. issued a formal expression of support for the current leadership team, affirming their confidence in Chief Executive Officer Carlo Katigbak’s ability to return the former broadcast giant to profitability. The statement was signed...
ABS-CBN Corp. issued a statement denying allegations of preferential treatment for 68 executives in the payment of retirement benefits drawn from the company’s pension fund. “Contrary to what the article claims, the largest decline in ABS-CBN’s pension fund was due to payouts to close to...
ABS-CBN Corp. moved to insulate itself from the legal rift within its controlling shareholder family, denying allegations of financial mismanagement that have surfaced in a Mandaluyong City courtroom. In a statement on Saturday, March 28, the media group’s board of directors said that claims...
