Giant TV group ABS-CBN's shutdown spells losses for Philippine billion-peso ad industry

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Giant TV group ABS-CBN's shutdown spells losses for Philippine billion-peso ad industry
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MANILA, May 8 (Inquirer Business/ANN) -- The day ABS-CBN Corp. was forced by the government to stop airing, advertising executives watched in horror as half their market vanished when millions of television screens across the country went dark.

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The ad industry’s growth was fuelled as much by consumerism and its own creativity as the distribution outlets inside people’s homes—the TV set— that were enabled by broadcast giants ABS-CBN and GMA Network Inc.

“The Philippines is still very much a TV country, ” Gladys Basinillo, a media advertising veteran with over 25 years of expertise, said in an interview with the Inquirer. “It’s like they removed 50 percent of the advertisers’ reach. This is a big impact for us.”“Some of the viewers switched channels, but the majority simply turned off their TV sets after 8:00 pm, ” Basinillo said, citing data from third-party research firm Kantar Media.

“The move was so sudden and everybody, more so, the large stakeholder entities, thinkers and planners were caught flatfooted, ” Dan Villa, chair of advertising agency CreatiVilla, said in a statement.

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