In the past few months, there have been persistent reports about the of an impending merger between TV5 and rival GMA Network, but both parties have played it coy.
Pangilinan already said that his group would be interested in buying into GMA Network. However, GMA Network chairman Felipe Gozon insisted they are not selling the network, but are open to any possible buyout offers.
However GMA Network chairman Felipe Gozon insisted they are not selling the network, but are open to any possible buyout offers. Also according to him, all he’s saying are not yet final and more on speculations only.
“I’m just answering the big ‘if.’ Kung saka-sakali, pero wala pang… There is no agreement yet. There is no agreement. I’m not saying that the discussion will result in agreement. As I’ve said, we have been discussing since… we didn’t push through with the 2002 agreement. Napakahirap talaga i-describe yung situation, e. But that’s the best I can describe it for you. Maski ako, hindi ko alam kung saan pupunta ito, e.”
Gozon owns 20% of GMA, while the Duavit and Jimenez families own 23% each.