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;14 years ago (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 of the Board)
Products Television program
Web portal
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]
Owner Aliw Broadcasting Corporation
Number of employees
328 (FY 2015) [1]
Parent ALC Group of Companies
Divisions Nine Media News and Current Affairs
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. [2] Nine Media is currently an affiliate of Aliw Broadcasting Corporation. 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 manned 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 and to shift its focus on the operations of their sister channel, Aliw Channel 23. [11] [12]

On January 31, 2024, Bilyonaryo.com reported that TV5 Network will partner 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]

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 other stakeholders Presidential Communications Office (PCO) and Far East Managers and Investors Inc., and private sector. The network's main offices and transmitter is located at Panay Avenue, Brgy. South Triangle also in Quezon City. Founded by Roberto Benedicto and prior to its privatization, it was the sister station of current government owned and controlled Intercontinental Broadcasting Corporation and formerly an attached agency of the now-PCO, despite having 20% minority stake in ownership.

<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 two digital free-to-air channels and two cable channels. 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.

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.

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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 the airtime of Radio Philippines Network. The division was in charge of production of local news and content of Nine Media's television brands Talk TV, Solar News Channel, 9TV, and CNN Philippines. 9News ceased identifying themselves explicitly under such brand when the channel was launched as CNN Philippines on March 16, 2015. The division itself was dissolved following the closure of the channel on January 31, 2024 due to financial losses.

<i>CNN Philippines Network News</i> Former evening newscast

CNN Philippines Network News, or simply Network News was the first flagship evening newscast of CNN Philippines. It aired seven days a week at 6:00pm PST.

<i>CNN Philippines Nightly News</i> Filipino TV series or program

CNN Philippines Nightly News or simply Nightly News was the flagship late night newscast of CNN Philippines that aired every weeknights 9:00-9:30 pm and replayed Tuesdays-Saturdays at midnight. Undergone several incarnations, it began its airing on July 16, 2012, and was axed on February 12, 2016, to give way to the expansion of CNN Philippines Newsroom.

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">TV5 Network</span> Filipino media company

TV5 Network Inc., commonly known as TV5, is a Philippine media company based in Mandaluyong. It is primarily involved in radio and television broadcasting, with subsidiaries and affiliates dealing in various media related businesses. TV5 is owned by MediaQuest Holdings, an investee company of Philippine telecommunications giant PLDT, through its Beneficial Trust Fund, and headed by business tycoon Manuel V. Pangilinan.

<i>Daybreak</i> (Philippine TV program) Filipino TV series or program

9TV Daybreak was the English-language morning hard-news newscast of 9TV. It featured daily headlines as well as national and local news, weather, traffic, sports, foreign, and entertainment stories. Its initial telecast was on October 1, 2012, on TalkTV, airing weekdays from 7:00 am to 8:30 am (UTC+8:00). It was one of the retained programs upon TalkTV's conversion into Solar News Channel.

<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.

MedTalk HealthTalk was a public affairs show produced by Nine Media Corporation which has been broadcast by RPTV since 2012 which talks about medical topics. It is hosted by Dr. Freddie Gomez. On March 15, 2018, MedTalk renamed as MedTalk Health Talk.

<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, Nine Media 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. Broadcast 18 hours daily from 6:00 AM to 12:00 MN on free TV, while 24 hours a day on cable and satellite TV providers and thru live streaming.

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

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, together with Radio Philippines Network (RPN) as its free-to-air broadcaster. RPTV is formed under a content distribution, sales and marketing agreement between TV5, with its parent MediaQuest Holdings, and Nine Media, with the former providing programming and other related services to the latter through its existing airtime lease agreement with RPN.

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 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. ↑ "Solar News Channel turns into 9TV". Solar News. Archived from the original on August 13, 2014. Retrieved August 13, 2014.
  16. ↑ Angela Casauay (October 14, 2014). "CNN Philippines to start airing 1st quarter 2015". Rappler . Retrieved November 19, 2014.
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