February 12, 2013

Political Ads to Generate P2B Income for GMA Network

Political advertisements are seen to drive a staggering P2 billion making GMA Network Philippines hitting its net income target of P3 billion this year.

The company’s net income inched up by 0.4% YOY to P1.587B in the first nine months of last year while consolidated revenues went up by 5% to P10.61B.

Broadcast networks led by GMA together with TV5 have filed petitions before the High Tribunal strongly opposing the decision of the Comelec to limit political ads on television and radio.