The Fall of Philippine TV
The profits of the Philippines’ top two TV networks are falling like rocks. No surprise here: YouTube is huge in the Philippines.
ABS-CBN Broadcasting Corp.’s third-quarter net profit declined by eight percent to P178.9 million from P194.5 million a year before, the company said.
GMA Network Inc. said its net profit for the nine months to September fell 11 percent from a year earlier to 1.55 billion due to higher operating expenses.
Go Filipino YouTube Directors. This is exactly what happened in the US. It’s about time Filipinos connected with each other and the rest of the world, instead of the cheap outdated shit local networks try to shovel down the throats of the masses. Philippine TV networks should either get on YouTube, or go off the air.
(Via Rickey Yaneza.)
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