You will be redirected back to your article in seconds

DTH station buys terrestrial TV channel

Dispatch

MANILA — ABC-5 owner Edward Tan has sold the No. 3 terrestrial network to Antonio Cojuangco Jr., former chairman of the dominant Philippine Long Distance Telephone Co. (PLDT), for about $83 million.

Cojuangco also owns Dream Broadcasting, the country’s first digital direct-to-home TV company; the buy-in is a strategic move to push Dream and to make ABC-5 a major player in the network war dominated by ABS-CBN, owned by the Lopez family, and GMA Network, owned by the Gozun, Duavit and Jimenez families.

Cojuangco’s family owned PLDT before it was sold to the Indonesian-controlled Metro Pacific group.

The new ABC is expected to target the burgeoning middle- to upper-class youth market. ABS-CBN and GMA focus on lower-income markets, which lap up local comedies, variety shows and Filipino and Chinese telenovelas (chinovelas). The younger auds have abandoned these for cable TV.

ABC-5 may win auds with foreign shows, including “ER” and “Friends,” and a growing base of locally produced shows. ABC has 15 stations and 100 cable TV affiliates.

More TV

  • Better Things Season 2

    'Better Things' Renewed for Season 3 at FX

    MANILA — ABC-5 owner Edward Tan has sold the No. 3 terrestrial network to Antonio Cojuangco Jr., former chairman of the dominant Philippine Long Distance Telephone Co. (PLDT), for about $83 million. Cojuangco also owns Dream Broadcasting, the country’s first digital direct-to-home TV company; the buy-in is a strategic move to push Dream and to […]

  • 'France's Got Talent' Suspended After Judge

    'France's Got Talent' Suspended by M6 After Judge Gets Accused of Sexual Misconduct

    MANILA — ABC-5 owner Edward Tan has sold the No. 3 terrestrial network to Antonio Cojuangco Jr., former chairman of the dominant Philippine Long Distance Telephone Co. (PLDT), for about $83 million. Cojuangco also owns Dream Broadcasting, the country’s first digital direct-to-home TV company; the buy-in is a strategic move to push Dream and to […]

  • Samie Kim Falvey AwesomenessTV Verizon

    Imagine Television Names Samie Kim Falvey President

    MANILA — ABC-5 owner Edward Tan has sold the No. 3 terrestrial network to Antonio Cojuangco Jr., former chairman of the dominant Philippine Long Distance Telephone Co. (PLDT), for about $83 million. Cojuangco also owns Dream Broadcasting, the country’s first digital direct-to-home TV company; the buy-in is a strategic move to push Dream and to […]

  • Scrips Discovery Partnership

    A Merger Between Scripps and Discovery Could Be a Smart Fit

    MANILA — ABC-5 owner Edward Tan has sold the No. 3 terrestrial network to Antonio Cojuangco Jr., former chairman of the dominant Philippine Long Distance Telephone Co. (PLDT), for about $83 million. Cojuangco also owns Dream Broadcasting, the country’s first digital direct-to-home TV company; the buy-in is a strategic move to push Dream and to […]

  • Harvey Weinstein

    TV Academy to Discuss Harvey Weinstein's Status at Thursday Night Meeting

    MANILA — ABC-5 owner Edward Tan has sold the No. 3 terrestrial network to Antonio Cojuangco Jr., former chairman of the dominant Philippine Long Distance Telephone Co. (PLDT), for about $83 million. Cojuangco also owns Dream Broadcasting, the country’s first digital direct-to-home TV company; the buy-in is a strategic move to push Dream and to […]

  • SCANDAL - ÒDay 101Ó - During

    'Scandal's' Tony Goldwyn on Citizen Fitz and His Mission to Save Olivia From Herself

    MANILA — ABC-5 owner Edward Tan has sold the No. 3 terrestrial network to Antonio Cojuangco Jr., former chairman of the dominant Philippine Long Distance Telephone Co. (PLDT), for about $83 million. Cojuangco also owns Dream Broadcasting, the country’s first digital direct-to-home TV company; the buy-in is a strategic move to push Dream and to […]

More From Our Brands

Access exclusive content