Monday, November 12, 2012

GMA Network seals strong Q3 financial performance


Reports P10.612 billion consolidated gross revenues for first 9 months

Broadcast giant GMA Network, Inc. (GMA) reported strong financial results for the third quarter owing to increased advertising sales across its major revenue platforms.

Consolidated gross revenues for the third quarter of 2012 reached P3.822 billion reflecting a double-digit growth of 13 percent from the P3.384 billion recorded in 2011, while net income rose 9 percent to P573 million from P525 million in the previous year.

Filipino singer-songwriter SHANNi reflects on betrayal and toxic relationships in new single “Teleserye”

The melodic but dreamy pop-rock track pairs infectiousness with somber introspection Fresh off from the success of her last single “Sikreton...