Tag: ABS-CBN

The Lopez family’s controlling shareholders will invest P2.2 billion of their own money in ABS-CBN Corp., providing fresh financial support as the media company addresses obligations to long-serving employees and pursues its recovery plans.

A deepening corporate power struggle inside one of the Philippines’ most influential business families has escalated into a regulatory flashpoint, with the controlling shareholders of Lopez Inc. calling for an official probe into alleged disclosure lapses tied to major energy transactions and so-called "poison pill" provisions.

Content Production and Distribution segment posted a modest rebound in 2025, lifting ABS-CBN Corp. revenue and narrowing its net loss as the once dominant Philippine media and entertainment network recovers from the loss of its broadcast franchise in 2020.

ABS-CBN Corp., once the country’s largest broadcast network, on Monday dismissed anew claims of unresolved audit issues and firmly rejected reports that a proposed P2-billion capital infusion would be used for directors’ payouts, seeking to distance itself from a boardroom dispute within Lopez Inc., the company owned by its major shareholders.

The recovery of ABS-CBN, already slow and painful, has only gotten more challenging after TV5 issued a notice of termination of its TV Content Supply Agreement—a move that threatens to shut a major broadcast distribution avenue for the listed entertainment company and underscores its financial fragility since it lost its franchise in 2020.