Tag page - Carlo L. Katigbak

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. Board Director Federico R. Lopez is seeking a regulatory investigation into the media company’s top leadership, alleging the “squandering” of corporate assets and a “conscious and intentional design” to siphon funds through exorbitant executive pay despite spiraling losses....

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...

Muti-media giant ABS-CBN Corporation is no longer pursuing a new congressional franchise to return to the broadcasting industry but will instead focus on the business of providing content, with which it expects to finally bounce back to profitability this year. “Even if Congress granted the...