GMA network, the home of showbiz personalities has been one of the few companies being eyed by the business tycoon Manny Pangilinan. As showbiz as its business, GMA have been denying the rumors that MVP is offering to buy the said company. Eventhough, MVP admits long before that he has been interested in doing so. You just can't get the showbiz out of showbiz people can you?
Now the question is, should I buy the company? I would love to buy GMA and I think its one of those companies that will be around for a few more years. Given that the Philippines is the lowest of all countries that have cable television, most people will resort to mass media / free tv. And this kind of company may flourish. But I would like to take the contradictory position on this. Internet TV and cable television is indeed better than mass tv. And I think it will be successful in the future, just give it a few more efforts to advertise.
Look at the status of tv today. You won't see anyone advertising cable tv not even on the newspaper. At this point, I would buy GMA, if I have extra money. But for me, I think that money is better placed on other companies. You may capitalize on the news though. When MVP buys a company, stock prices soars.
