During the first digital trade launch on November 28 in Makati City, GMA Network Chairman and CEO Atty. Felipe L. Gozon said that next year’s CAPEX/OPEX will most likely be similar to this year’s, which is at about P970 million.
He said that the biggest project for next year is GMA’s coverage of the 2013 elections. The Network has allotted more than 100 million pesos for the acquisition of new technology for the coverage.
Meanwhile, Gozon said that GMA might not be able to meet the P2.8 billion target that was set this 2012 due to increases in the company’s OPEX including the payout of several bonuses. In Q4 2012 alone, employees of GMA will receive two bonuses (November and December) from the Network.
For next year, the target full year income will be much greater given that the following year is an election year. He said that he expects a double-digit growth in earnings in 2012. Still on the elections, Gozon said that TV remains to be the most ubiquitous medium of communication. He added that GMA will continue to be cost-efficient in that it will not incur unnecessary costs.
Aside from Gozon, other GMA’s top management who graced the event are GMA President and COO Gilberto R. Duavit Jr., GMA EVP and CFO Felipe S. Yalong, and Maralag, along with the Network’s pool of stars and news and public affairs personalities.
