ABS-CBN Seeks P6 Billion Capital Infusion to Return to Profitability

Six years after losing its franchise, ABS-CBN remains unprofitable despite being 84% content-focused, now seeking a P6 billion infusion of fresh capital to reverse its fortunes.

17 Aug, 07:32 — 17 Aug, 07:32

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RapplerMostly Factual1d ago

ABS-CBN is now 84% content — and still losing money. Can P6 billion fix it?

Six years after losing its franchise, ABS-CBN still hasn’t found its way back to profit. Now, a P6-billion infusion of fresh capital could help change its fortunes.

By Lance Spencer Yu

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ABS-CBN Seeks P6 Billion Capital Infusion to Return to Profitability

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ABS-CBN is now 84% content — and still losing money. Can P6 billion fix it?

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