ABS-CBN MediaQuest Acquisition

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.

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. ABS-CBN and TV5 also mutually agreed to terminate the Investment Agreement dated August 10, 2022, covering the proposed acquisition by ABS-CBN of 34.99% equity interest in TV5, and the Convertible Note Agreement dated August 10, 2022, covering the proposed subscription by ABS-CBN to a Convertible Note to be issued by TV5.

Our coverage of ABS-CBN MediaQuest Acquisition includes: "ABS-CBN reportedly in advance talks w/ MediaQuest for partnership"; "ABS-CBN cancels Sky Cable sale to PLDT"; "ABS-CBN TeleRadyo to cease operations effective June 30". Each article provides unique insights and information.