It’s kinda sad that this is the only thing left with the Lopez family—from ABS-CBN that had been a kingmaker for a long time.

Duterte-Marcos was successful in killing the broadcast giant, the owner of which openly defied Marcos Sr so he (Geny Lopez) got incarcerated during Martial Law. After the Marcoses were ousted, the Lopezes built ABS-CBN again from the ashes.

Another Marcos regime, another death for ABS-CBN.

The question remains whether billionaire Manny V. Pangilinan will allocate a slot for ANC on Cignal, PLDT’s payTV subsidiary, as ABS-CBN’s Metro Channel is currently part of Cignal’s programming. ANC has been exclusively airing on SkyCable.

Bilyonaryo.com

I remember receiving a call from the head of ANC while I was still in the hospital after giving birth to my twins. He wanted me to write for ANC and vet news because of my experience in business. While I did think about it for a day, I decided later on that broadcast isn’t really my thing. I didn’t want to write for TV although I know I could. TV is just too confining for me.

After that, there was some kind of power struggle inside after ANC recruited back their former anchor from CNBC and CCTV Hong Kong. The head resigned and moved on to print—to an international publication. Then he tried to recruit me again but I said I’m doing well with my current newswire so that is that. Later that publication had to be collapsed because again, the business model was not right for the kind of publication it was. The editor moved on to become the head of an influential business group and I think he is thriving there. That’s his crowd—the alta.

Business models for news media are a hit and miss thing with the fast-changing technology. Now we are confronted by AI, which has elminated entry-level jobs like news aggregation and rewriting of press releases to be dressed up as news. It’s ever-changing. But one thing remains…news is a product that you need to sell. It’s a commodity that needed to be traded to feed the beast.