TV5 to launch CEO TV to compete to ABS-CBN's ANC

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.

ABS-CBN investing heavily in digital terrestrial television (DTT), cable TV

Media giant ABS-CBN Corp. has been investing heavily in digital terrestrial television (DTT) and cable TV, as it aims to bring clear TV viewing to millions of Filipinos.

Around 80% of households in the Philippines do not have cable TV, and majority belong to DE socioeconomic class, according to ABS-CBN DTV marketing head Miguel Mercado.

Of this number, Mercado noted only less than 52% of households receive only two channels of tolerable quality with the current analog TV transmission.

Watch Floyd Mayweather Jr vs Robert Guerrero Live Streaming

Unbeaten Floyd Mayweather and Robert Guerrero made weight Friday for their Saturday showdown for Mayweather's World Boxing Council welterweight world title.

Mayweather, returning to the ring after a year's absence that included two months in jail, weighed in at 146 pounds while Guerrero weighed in on the limit of 147.

"I'm here to do what I do best," said Mayweather, who brings a record of 43-0 with 26 knockouts to the bout. "I always control the tempo and I'll execute my game plan."

Mayweather went to jail last June for domestic violence. Since his release eight months ago, he has been working to regain the fitness needed to defend his place atop the list of boxing's moneymakers.

Fellow American Guerrero, 31-1 with 18 knockouts and a 15-fight win streak dating to 2005, insisted again that he would hand Mayweather the first defeat of his career.

"It's on," Guerrero said. "We've got to beat him down and take full advantage of him." (© 1994-2013 Agence France-Presse & abs-cbnnews.com)

WATCH 'MAYWEATHER JR. VS GUERRERO LIVE STREAMING BELOW: