Nine Media Corporation

Last updated

Nine Media Corporation
FormerlySolar Television Network, Inc. (2010–2014)
Company type Private
Industry Mass media
Broadcasting
Entertainment
FoundedJanuary 5, 2010 (2010-01-05)
Founder
  • Wilson Y. Tieng
  • Willy Y. Tieng
  • William Y. Tieng
Headquarters
Ground Floor Worldwide Corporate Center, EDSA corner Shaw Boulevard, Mandaluyong, Metro Manila
,
Philippines
Area served
Nationwide
Key people
  • Benjamin Ramos (President)
  • D. Edgard A. Cabangon (Chairman)
Products Television program
Web portal
Digital media
Brands RPTV
Services Broadcasting
TV production
Cable television
Internet
Streaming service
Satellite television
Revenue PHP169.6 million (FY 2015) [1]
PHP-651.85 million (FY 2015) [1]
OwnerBroadreach Media Holdings, Inc. (through JRLT-JHI Corporation)
Number of employees
328 (FY 2015) [1]
Parent ALC Group of Companies
Subsidiaries Radio Philippines Network (34%)

Nine Media Corporation (NMC, formerly known as Solar Television Network, Inc. or STVNI) is a Filipino-based media company. Formerly a wholly owned subsidiary of Solar Entertainment Corporation (SEC), a multimedia television and film company of the Tieng family, it is now solely owned by the ALC Group of Companies of the late Amb. Antonio Cabangon-Chua through its indirect grandparent Broadreach Media Holdings, Inc. [2] Its headquarters are located at the Ground Floor of the Worldwide Corporate Center, Epifanio de los Santos Avenue corner Shaw Boulevard, Mandaluyong, sharing with its former parent Solar Entertainment.

Contents

It owns and operates its sole television property RPTV (joint venture with TV5 Network), as well as the 34% controlling share of Radio Philippines Network (RPN). [2] The company is named after its flagship television station in Metro Manila.

History

TV channel

Solar Entertainment launched Solar TV in the early 2000s, which was later renamed to Solar USA and then to USA. USA was split into two channels, Jack TV and Crime/Suspense, in 2005.

Solar TV launched last November 29, 2009, on Radio Philippines Network (RPN), then owned by the Philippine Government Communications Group, at 11:00am (Solar Entertainment already has an airtime lease agreement with RPN in 2007). Its programming grid primarily includes American programs, and local sports and lifestyle content. On October 31, 2010, it changed some of its programming content to English/Tagalog.

Broadcast company

Solar TV morphed as Solar Television Network, Inc. (STVNI) on January 5, 2010, as the corporate television arm of Solar Entertainment Corporation, serving as blocktimer of Solar Entertainment's channels to free-to-air broadcasting networks. STVNI later represented Solar Entertainment to acquire 34% of RPN's shares from the Philippine government as part of RPN/IBC privatization in 2011. The new company launched an all talk/news channel Talk TV on March 2, 2011, co-owned by Solar TV itself and SBN while ETC replaced Solar TV on RPN. Talk TV would later change its name to Solar News Channel on October 30, 2012.

In the last quarter of 2011, Solar TV launched its own news division Solar News. The programs produced by the new division were staffed by former ANC personalities including Jing Magsaysay, Pia Hontiveros, Nancy Irlanda, Claire Celdran and Mai Rodriguez. [3]

In November 2013, San Miguel Corp. President and COO Ramon S. Ang personally tried to acquire the majority stake of STVNI from the Tiengs. Despite the new development, he would settle instead for a minority share of STVNI in September 2014. [4]

In the third quarter of 2014, Solar Entertainment chair Wilson Tieng announced that the ALC Group of Companies of former Ambassador Antonio Cabangon-Chua, took over STVNI, as well as its majority stake on RPN. Tieng and (RPN president) Robert Rivera were both resigned as chairman and president, respectively. [5] The selloff of STVNI was also caused by Solar Entertainment's loss of revenue after investing in RPN. [6] [7] Solar TV reflected the change of ownership by reverting all non-SNC channels and assets back to Solar Entertainment, followed by shedding off the Solar branding in all SNC's programs. The transfer was completed when SNC (which was transferred to RPN in December 2013) was finally rebranded into 9TV on August 23, 2014. [8] [9]

On October 14, 2014, Solar TV Network was renamed as Nine Media Corporation, following the agreement between the latter and the Turner Broadcasting System to use the branding of CNN into its free TV assets of RPN as CNN Philippines, replacing 9TV, which was considered as a transitional brand. CNN Philippines was launched on March 16, 2015.

In September 2015, Nine Media Corporation President and CEO Reggie Galura stepped down from his position, and was replaced by Jorge San Agustin as Officer-in-Charge of the network. On October 9, 2016, CNN Philippines Managing Editor Armie Jarin-Bennett was appointed as president and CEO of Nine Media Corporation replacing San Agustin.

On January 25, 2024, Media Newser Philippines reported that Nine Media Corporation and CNN agreed to shut down CNN Philippines by mutual agreement due to financial losses as well as poor ratings of the network and loss of advertisers' support. The Radio Philippines Network branding is set to return to its stations for some time in the future while CNN weighs its future options. [10]

On January 29, 2024, CNN Philippines confirmed that it has ceased live news productions effective immediately, and to be dissolved entirely on January 31, citing financial losses. [11] [12]

On January 31, 2024, TV5 Network partnered with Nine Media and RPN to carry its selected programming (including Eat Bulaga! and PBA games) alongside classic RPN shows under its channel's new branding RPTV which is slated to launch the following day. Selected programs from One PH and Radyo5 are also airing on RPTV, marking its return to analog free-to-air television after 5 years since AksyonTV's closure. [13]

Corporate structure

as Solar TV Network

Solar Entertainment Corp. (SEC) and Solar TV (STV), prior to the latter's acquisition by ALC Group of Companies in 2014, are two separate business entities:

as Nine Media

Since 2014, Nine Media Corporation is being owned by ALC Group of Companies through its investment unit JRLT-JHI Corporation. While Antonio Cabangon-Chua was sitting as its chairman until his passing in 2016, JRLT-JHI is being owned by his children and relatives: Ferdinand Chua (20%), Rowena Lumague (20%), Candy Co (20%), Jose Wingkee Jr (20%), and Aida Anora (20%). While businessman Ramon Ang reportedly owns a minority share in Nine Media, SEC documents does not shows any Ang's shares with the company. Instead, Ang makes investments through advertisements and paid programming from the San Miguel Group to sole property CNN Philippines. [14]

It was reported by Vera Files that Broadreach Media Holdings has been owned Nine Media's parent JRLT-JHI. Broadreach Media took over the assets/properties of the embattled CNN Philippines following the latter's closure on January 31, 2024, and is also responsible for the launch of the digital news media service NewsWatch Plus which is independently managed by the remaining staff of CNN Philippines. [15]

Broadcast assets

TV channels

Former divisions, and broadcast assets

Previous or changed ownership television channels

See also

Related Research Articles

<span class="mw-page-title-main">Radio Philippines Network</span> Philippine television network

Radio Philippines Network, Inc. (RPN) is a Philippine television and radio company based in Quezon City. It is currently owned through majority share by Nine Media Corporation of the ALC Group of Companies; along with the Presidential Communications Office (PCO), Far East Managers and Investors Inc., and other private sectors. The network's main offices and flagship transmitter is located at Panay Avenue, Brgy. South Triangle also in Quezon City. Founded by James Lindenberg, and prior to its privatization, it was the sister network of current government owned and controlled Intercontinental Broadcasting Corporation; both networks were sequestered after the 1986 People Power Revolution, and formerly an attached agency of the now-PCO, which retained 20% of RPN's non-controlling shares following privatization.

<span class="mw-page-title-main">Southern Broadcasting Network</span> Philippine media company

Southern Broadcasting Network, Inc. (SBN) is a Filipino media company based in Mandaluyong, Philippines. SBN is a subsidiary of Solar Entertainment Corporation, a Filipino-owned television company managed by the Tieng family.

SolarFlix is a Philippine free-to-air television network owned by the Southern Broadcasting Network subsidiary of Solar Entertainment Corporation. Its digital free-to-air broadcast is carried by SBN's flagship station, DWCP-DTV in Metro Manila. The channel's analog broadcast is fed on its lone provincial TV station, DXSS-TV in Davao City. The channel is also carried by cable and satellite providers, including Sky Cable, Destiny Cable, Cablelink, Binangonan Cable TV Corporation, Cignal, SatLite, and G Sat along with various provincial cable operators and through online streaming.

Solar Entertainment Corporation is a Filipino media company based in Makati, Philippines. Founded and owned by the brothers, Wilson, William and Willy Tieng. Solar Entertainment operates four digital free-to-air channels and one cable channel. Solar also owns a film distribution company and defunct freemium digital television service.

<span class="mw-page-title-main">DZKB-TV</span> TV station in Metro Manila

DZKB-TV is a television station in Metro Manila, Philippines, serving as the flagship of the RPTV network. It is owned by Radio Philippines Network, which is controlled by parent company Nine Media Corporation; TV5 Network, Inc., which owns TV5 flagship DWET-TV, operates the station under an airtime lease agreement. Both stations share studios at the TV5 Media Center, Reliance cor. Sheridan Sts., Mandaluyong.

<i>NewsWatch</i> (Philippine TV program) Philippine television news show

NewsWatch is a Philippine television news broadcasting show broadcast by Radio Philippines Network. The program premiered on June 1, 1970 to until October 29, 2012, replacing Eyewitness Reports and was replaced by CNN Philippines Network News, CNN Philippines Nightly News and Updates. It is the longest-running English-language news broadcasting show of RPN.

CNN Philippines Sports Desk is a Philippine television sports news broadcasting show broadcast by Solar Sports, Solar News Channel, 9TV and CNN Philippines. Originally anchored by Jinno Rufino, it aired on Solar Sports from 2004 to 2007 and from December 3, 2012 to September 26, 2014. The show moved to Solar News Channel, 9TV and CNN Philippines from December 3, 2012 to January 26, 2024, and was replaced by Starting Lineup on RPTV's evening timeslot. Andrei Felix serve as the final anchor. Sports Desk airs on weekdays at 10am and 10pm, with a weekend recap edition on Saturdays at 12:30pm. on May 1, 2023, the show will air on Primetime Weeknights at 8:30 pm.

Television in the Philippines was introduced in October 1953 upon the first commercial broadcast made by Alto Broadcasting System, making the Philippines the first Southeast Asian country and the second in Asia to do so. Even before that, during the late 1940s, several academic experiments had been done and replicated by Filipino engineers and students.

<span class="mw-page-title-main">Shop TV</span> Television channel in the Philippines

Shop TV is a 24-hour shopping related TV channel owned by Solar Entertainment Corporation. Aside from its dedicated channel, Shop TV also aired through SolarFlix and soon via RPTV and Aliw Channel 23.

Nine Media News and Current Affairs was the news and public affairs production arm and sole division of the media company Nine Media Corporation, leasing airtime from Southern Broadcasting Network (2011–2013) and Radio Philippines Network (2012–2024). The division produced the local news and content of Nine Media's television brands Talk TV, Solar News Channel, 9TV, and CNN Philippines. 9News stopped using this brand when the channel was launched as CNN Philippines on March 16, 2015, and the division was finally dissolved following the closure of the channel on January 31, 2024 due to financial losses.

RPN USA is a Filipino satellite television International channel owned by Radio Philippines Network and Nine Media Corporation in partnership with Glocal Media. The channel offers a variety mix of programming, from CNN Philippines. including classic original programming from RPN as well as programming from CLTV 36.

<i>CNN Philippines Network News</i> Defunct nightly newscast of CNN Philippines

CNN Philippines Network News, or simply Network News is a Philippine television news broadcasting show broadcast by Solar News Channel, 9TV and CNN Philippines. Anchored by Pia Hontiveros for weekdays and Mai Rodriguez for weekends. It aired from June 18, 2012 to March 26, 2017, replacing RPN NewsWatch and was replaced by News Night and Newsroom Weekend. The newscast aired seven days a week at 6:00pm PST.

<i>CNN Philippines Nightly News</i> Former evening newscast of CNN Philippines

CNN Philippines Nightly News or simply Nightly News is a Philippine television news broadcasting show broadcast by Solar News Channel, 9TV and CNN Philippines. Originally anchored by Nancy Irlanda, it aired from July 16, 2012 to February 12, 2016, replacing RPN NewsCap and was replaced by CNN Philippines Newsroom. The newscast aired every weeknights at 9:00 pm. Mitzi Borromeo serve as the final anchors.

Antonio L. Cabangon-Chua was a Filipino businessman, Philippine ambassador to Laos under the administration of former president Gloria Macapagal Arroyo, and reserved colonel of the Armed Forces of the Philippines, being an honorary member of Philippine Military Academy class of 1956. He graduated from the University of the East in the same year, with a Bachelor of Science in Business Administration degree.

<span class="mw-page-title-main">Solar News Channel</span> Defunct Television network in the Philippines

Solar News Channel (SNC) was a major commercial television network in the Philippines, owned by Solar Entertainment Corporation's arm television subsidiary of Solar Television Network lease with its owner by Radio Philippines Network. Its flagship television station was DZKB-TV channel 9 in Mega Manila and other regional stations in the Philippines. The station was operational 18 hours a day from 6:00 AM to midnight on free TV, while being available 24 hours on cable, satellite and internet TV providers.

<span class="mw-page-title-main">9TV</span> Defunct commercial television network in the Philippines

9TV was a major commercial television network in the Philippines. It was owned by Nine Media Corporation, which had an airtime agreement as the main content provider of Radio Philippines Network. 9TV was the replacement of the Solar News Channel who have been retired the "Solar" branding. It broadcast 18 hours daily from 6:00 AM to 12:00 MN on free TV, as well as 24 hours a day on cable and satellite TV providers, and through live streaming.

<span class="mw-page-title-main">CNN Philippines</span> Defunct free-to-air television network in the Philippines (2015–2024)

CNN Philippines was a Philippine free-to-air television network owned and operated by Nine Media Corporation, together with Radio Philippines Network (RPN), under license from Warner Bros. Discovery Asia-Pacific. It was launched on March 16, 2015, replacing 9TV, and was available on various platforms, including cable, satellite, live streaming and through the RPN network's television stations. CNN Philippines was the fifth local franchise of CNN in Asia, after CNN Indonesia, CNN Türk, CNN Arabic and CNN-IBN, and was formed after a brand licensing agreement with CNN Worldwide and Nine Media in 2014.

<span class="mw-page-title-main">RPTV (TV channel)</span> Philippine free-to-air television channel

RPTV is a Philippine free-to-air television network jointly owned and operated by TV5 Network, Inc., and Nine Media Corporation, with Radio Philippines Network (RPN) serving as its free-to-air broadcaster. RPTV was established through a content distribution, sales, and marketing agreement between TV5 and Nine Media. Under this arrangement, TV5 provides programming and related services to Nine Media through its existing airtime lease agreement with RPN.

<span class="mw-page-title-main">NewsWatch Plus</span> Online news service

NewsWatch Plus is a Philippine digital news media service. It is owned by Broadreach Media, a media investment firm which took over the operations and assets of the now-defunct CNN Philippines. It began its operations on July 1, 2024 on soft launch, and was fully launched in August 2024.

References

  1. 1 2 3 "Media Ownership Monitor Philippines - Nine Media Corporation". VERA Files. Retrieved November 24, 2016.
  2. 1 2 "Solar Entertainment FAQ's" (Press release). Retrieved August 18, 2014.
  3. ↑ Tiengs move into news Archived July 14, 2011, at the Wayback Machine Manila Standard Today. Feb 25, 2011. Retrieved February 25, 2011.
  4. ↑ "MVP-Ang rivalry set to spill over into television with San Miguel acquisition of Solar stake". November 9, 2013. Retrieved August 18, 2014.
  5. ↑ "Cabangon-Chua buys Solar TV Network". BusinessWorld . August 22, 2014.
  6. ↑ Cabangon-Chua acquires RPN-9 retrieved August 21, 2014
  7. ↑ Cabangon-Chua group set to take over RPN-9 retrieved August 21, 2014
  8. ↑ - Solar News to be renamed News9? (Media Newser Philippines) retrieved August 18, 2014
  9. ↑ - Is RPN-9 Destined to Return? retrieved August 18, 2014
  10. ↑ "CNN Philippines is shutting down after 9 years". medianewser.ph. January 25, 2024. Retrieved January 25, 2024.
  11. ↑ Amojelar, Darwin G. (January 26, 2024). "Nine Media owner confirms CNN Philippines shutdown". Manila Standard. Retrieved January 26, 2024.
  12. ↑ Rivas, Ralf (January 29, 2024). "CNN Philippines shuts down as losses mount". Rappler. Retrieved January 29, 2024.
  13. ↑ "From CNN Philippines to RPTV: MVP's TV5 to provide content to Channel 9, possibly including a prime time newscast". Bilyonaryo. January 31, 2024. Retrieved February 1, 2024.
  14. ↑ Ramon Ang and his media interests Accessed on December 1, 2018.
  15. ↑ "Nine Media Corporation". Media Ownership Monitor. VERA Files. Retrieved July 2, 2024.
  16. ↑ "Solar News Channel turns into 9TV". Solar News. Archived from the original on August 13, 2014. Retrieved August 13, 2014.
  17. ↑ Angela Casauay (October 14, 2014). "CNN Philippines to start airing 1st quarter 2015". Rappler . Retrieved November 19, 2014.
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