GMA Network faced a substantial drop in net income due to the absence of political advertisements, while ABS-CBN continued to incur heavy losses from its broadband and cable television unit.

ABS-CBN Corp. slashed its consolidated net loss for the first quarter by nearly half to P500 million from P994 million a year ...

However, ABS-CBN’s cable and broadband business endured a 27-percent reduction in revenues to P1.06 billion, as Sky Cable Corp. continued to lose subscribers. Sky Cable is sinking in P4.48 ...