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GMA Network breaks earnings records in 2020 after ABS-CBN shutdown

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GMA Network Inc. saw a banner year in 2020 with its dominance in local television sealed by the Duterte administration’s successful campaign to shut down main rival ABS-CBN Corp. | miguelrcamusINQ

“GMA Network Inc. and subsidiaries broke all records in terms of financial performance for the 12-month period,” the company said.

A slowdown here was expected because 2020 followed an election year, which is associated with an income boost from political ad placements. ABS-CBN continues to air shows via its pay TV and online channels. Some of its programs have returned to free TV through airtime leasing agreements.

 

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