2011 has been a good year for Kapatid network, TV5, as their revenues this year is ecpectd to triple from last year, 2010, revenue.
TV5 is also preparing their Media Center in Mandaluyong City as their News and Public Affairs shows will be transferred their by January of 2012.
Revenues are expected to hit over P3 billion this year with the bulk coming from selling advertising spots. The target is more than triple the firm’s revenues in 2010, which had been estimated to be below P1 billion.
TV5’s planned 63,000-square-meter media center will consolidate current operations in Novaliches, Quezon City, Taguig, and Makati.
The firm aims to transfer news and public affairs operations to the new media center by January next year and entertainment-oriented productions by 2013. - Kathleen A. Martin Business World
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