Michelle Ayangco and Hermogene Real are the top shareholders of the company, each owning 49.99%. Real is also a director of Bright Kindle Resources and Investments and corporate secretary of mining company Benguet Corporation, firms tied to the Romualdez family.
It was granted a legislative franchise by virtue of Republic Act 9773 to cover Eastern Visayas. In 2020, its legislative franchise was amended by Republic Act 11508 to expand to national coverage.PCMC is looking at a stock-for-stock merger with PRIM, resulting in PRIM owning PCMC, and PCMC shareholders owning 70% of PRIM’s outstanding stock.
For PRIM, the deal will enable it to become a “viable and operational business entity” and “address its capital deficiency, negative equity, and non-operation.” With PCMC’s national franchise, PRIM intends to use it as leverage “to provide other content providers an avenue to broadcast their contents regionally and nationwide.”
Dahil alam niya na malakas ang ABS-CBN sa mga tao gusto niya na mapapalabas ang shows ng ABS para matuwa sa kanya mga tao