PHILIPPINE Collective Media Corp., a radio and television broadcasting company that has its roots in Tacloban, said it will expand to the number of its station to another 35 more areas in the country this year.
Sofonias Gabonada Jr., the company’s president, said these 35 areas will be the corporation’s next growth areas. At the moment, the company is in its 18th station, after completing the station for streaming in Fairview and Makati.
“We will be going to Southern Leyte, Maasin and Bacolod. Those are site inspections and technical inspections after which we will start constructing the studios there and after a month and a half, we will be launching the studios,” Gabonada said in a statement.
“Our motivation really is to provide alternative sources of information and entertainment, most importantly to areas that were underserved. Although there are local stations in the area, it’s also important to come up with a network type information delivery system both for TV and radio,” he said.
The company recently partnered with the Department of Education to air Radyo Eskwela to provide a platform for learning across the country. It also partnered with the Department of Health for health-related advisories. Gabonada said the company has more plans in terms of expansion especially in preparation for 2022 elections. The corporation hopes to get veteran and well-known personalities to expand the organization of PCMC.
“We need to provide people with a better platform to inform them of basically everything in terms of their choices in 2022, what do we expect for 2022, and these areas of concern are also our concerns. We will be providing the people with the right, timely, and relevant information,” he said.
In May, the parent firm of Prime Media Holdings Inc., a listed company that has minimal operations, has signed a memorandum of understanding with PCMC to merge the two firms in a move to create a viable and operational enterprise.
In its disclosure, Prime Media said its parent RYM Business Management Corp. signed the deal with PCMC for a share-for-share swap deal.
PCMC shareholders will exchange their respective shares the company for shares of common stock in Prime Media in order to gain majority ownership and control of the listed firm.
In turn, the Prime Media will acquire PCMC, which will become its wholly-owned subsidiary. PCMC, which started its operation in Tacloban in 2009 as a regional station, is currently engaged in the business of radio and television broadcasting with active radio stations, frequencies and permits as well as a national franchise granted through Republic Act 11508.
Read full article on BusinessMirror