Network giant GMA 7 and Inquirer Publications joined in a content partnership some 7 years ago to launch the new company and news site Inq7.net. Yesterday, while I was pitching ideas for an netrepreneurship awareness campaign and awards of some sort, I was told that GMA 7 is planning to remove its interests in Inq7.net (was that a fifty-fifty split?).
So I asked my reliable source “why?” When, after 7 years in the online media and having been profitable in the last 2 years, GMA 7 wants out?
The answer to me was, “maybe they want to compete?”
I guess so.
Nonetheless, I think Inq7 will do just as fine.
Update: I just got someone from the inside confirming this story. It was already mentioned to the employees but no details. It could be due to issues on content or profit, we can only guess.