Buzzing about is the story between GMA7 eyeing to IBC 13. Chairman and CEO Atty. Felipe L. Gozon related that the firm Sycip Gorres Velayo &Co. had consulted him about the two channels- RPN 9 and IBC 13, which are under government sequestration.
He said he looked into the two channels’ books and saw they were in the red. “Unless the government absorbs these station’s’ liabilities, no one will buy them,” he noted. “I heard [block-timer] Solar has converted its collectibles with RPN 9 into equity.”
Facing the issue, Gozon said: “If you’re asking me if GMA 7 will buy IBC 13, all I can say is… abangan”.
Another thing he answered is the issue that is he afraid of TV5, He just said “TV5 has the money. TV5 is outbidding everyone, in terms of talent fees.”
“In 2000, no one was paying GMA 7 any serious attention. We had old cameras and equipment. We had only 35 employees and had a P1.9-billion debt.”
But in the past 11 years he said GMA7 grew into a market leader with over 3,000 employees and a net worth of P 32.7 billion. Added to that the network were had to buy komiks or movie titles and produced remarkes just to have a show. But as we’ve grown, we gain our confident with our own creative team and now we are proud to produce original shows/ programs.