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Vol. XXII, No. 94
Thursday, December 4, 2008 | MANILA, PHILIPPINES FREE PREVIEWCorporate NewsGMA sues TV-5 for ownership ‘breach’BROADCAST GIANT GMA Network, Inc. has sued the owners of rival TV-5 for allegedly violating the constitutional limit on foreign ownership, saying it had lost revenues due to unfair competition. In a statement yesterday, GMA said it had filed the suit together with Citynet and ZOE Broadcasting against Cojuangco-led ABC-5, MPB Primedia, Inc. and Malaysian company Media Prima Berhad for allegedly entering into an unlawful block time deal. The company accused MPB Primedia, which now controls ABC-5’s operations by buying the network’s air time, as a mere dummy of the Malaysian media company.
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