PLDT board approved a P750-million investment in its media assets to allow the group to become a multimedia service company. Prior to that, the telco said it was investing an additional P3.6 billion to make "its media assets more visible to the shareholders of PLDT."
Pangilinan targets to complete the transaction in the next few months in preparation for the launch of TV5's all-English news channel, the CEO TV.
He said BusinessWorld would be one of the sources of business content for the CEO TV. "We need more analysis of the economic development in the country," Pangilinan said.