After shutting down news about a partnership, MediaQuest Holdings and ABS-CBN have been reported by Media Newser Philippines to be in deeper communication about merging power and resources in production, news gathering, and operations.
ABS-CBN reportedly in advance talks with MediaQuest for partnership
According to the report, ABS-CBN already has progressed conversations with Manny Pangilinan, Chairman of MediaQuest regarding the 50-50 partnership deal. With this deal, both parties will be key decision-makers on business, editorial, programming, and acquisition level plans. The details of the partnership are still vague but MediaQuest is set to be keen on acquiring ABS-CBN properties like Cignal TV’s main competitor SkyCable as opposed to just merging.
MediaQuest has been seen to increase viewership and rating since they began carrying ABS-CBN original productions like Ang Probinsyano and ASAP Natin ‘To giving MediaQuest an equal footing despite ABS-CBN not having a broadcast franchise.
Reports also claim that the deal will be finalized in a few weeks’ time in preparation for the inauguration of President-elect Ferdinand “Bongbong” Marcos Jr. Though there are a lot of speculations about this union, there are still hazy details.
Stay tuned as we await further announcements and details
Next is replacing 24 Oras, State of the Nation, and Saski on GMA 7 and GTV 27, ABS-CBN News Programs like TV Patrol, and the return of Bandila are coming soon. Plus Rated Korina will soon to air on GMA 7 (replacing KMJS), and GTV 27 (replacing Biyahe Ni Drew), and the return of SOCO under Brightlight Productions will air soon on Kapamilya Channel, A2Z, TV5, One Ph, GMA 7 (replacing Imbestigador), and GTV 27!!!