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ABS-CBN losses swell while GMA income tumbles

By Inquirer - 7 months ago
MANILA, Philippines — The absence of political advertisements put a strain on the earnings of media giant GMA Network Inc. last year, as former rival ABS-CBN Corp. continued to absorb the losses of its broadband and cable television unit. In separate stock exchange filings, Gozon-led GMA saw earnings dip by 42 percent to P3.17 billion

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