TV5, GMA-7 Merger Confirmed By Manny Pangilinan - Report

GMA-7 Merger Confirmed

Rumors about a TV5-GMA merger have been around for months. The most recent update about the rumors is the P45 billion offer from TV5 owner Manny V. Pangilinan (MVP) for a 100-percent stake in GMA Network Inc.

If there is indeed a deal, then it might have been closed since according to columnist Ricky Lo, MVP himself confirmed the merger at a press conference in San Francisco last Saturday.

"This (GMA-TV5 merger) was virtually confirmed by Kapatid big boss Manny V. Pangilinan during the presscon last Saturday in San Francisco where a partnership between TV5 and Dish Network was formally signed, called Dish Ko ’To, promoting the combined channels of GMA Pinoy TV and Kapatid TV5," Lo wrote.

Lo added that the details about the presscon can be read on Raymond de Asis Lo's report on tomorrow's issue of The Philippine Star.