9TV inks deal with TBS Inc., to become CNN Philippines

Fresh from the recent rebrand to 9TV back in August, RPN 9 will once again undergo a major transformation as current majority stake holder, Antonio Cabangon-Chua, inks a deal with Turner Broadcasting System Inc. (TBS, Inc.) which will turn the 9News to CNN Philippines by 2015.

CNN philippines

According to Media Newser Philippines, the 9TV will benefit from the fresh contents that will be provided by its new ally. Furthermore, it’s been said that CNN Philippines will bring “some of its current programming to non-cable Filipino viewers” when launched next year.

However, not everybody shares the same optimism as Cabangon-Chua has with the recent venture. One of the journalists that the website interviewed said that in order for this partnership to prosper, the station needs to hire seasoned journalists to be the face of the news network.

“Being pretty in TV helps but you need more than a pretty face to be taken seriously and have that credibility to be truly called a journalist,”

A media press event is scheduled later today to formally announce the partnership between the two companies.

Source

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Business Mirror owner named chairman of RPN 9

Antonio Cabangon-Chua, the owner of both the Aliw Broadcasting Corporation and the Philippine Business Daily Mirror Publishing Inc., the company that oversees the operation of both BusinessWorld and BusinessMirror, has recently acquired majority stake in Republic of the Philippines Network (RPN9), making him the Chairman of the said network in the process.

The 34% stake was previously owned by Wilson Tieng who owns the Solar Entertainment Corporation.

RPN 9

The other notable portion of the stake are still currently owned Far Eastern Managers and Investors Inc. (32%) and by the State (20%). The rest (14%) are owned by private individuals.

Once the agreement has been settled, which is expected to take place next month, Cabangon-Chua will named the new chairman of RPN 9. Moreover, Cabangon-Chua will replace the name of the network to Aliw Channel which suits the name of his radio network.

Sources: 1 & 2

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