TV5 Finally Primed Up for Profitability

TV5 Network Inc. expects to finally put an end to years of bleeding, with its first profitable year under the Pangilinan group potentially happening this 2025.

- By Richmond Mercurio

MediaQuest Holdings Inc. president and chief executive officer Jane Basas told The STAR that the network is hopeful on achieving a turnaround in its financial performance this year.

"It's not something that I can work on overnight. But we are targeting, hopefully, this year we hit positive EBITDA (earnings before interest, taxes, depreciation and amortization)," Basas said.

"So if we hit that, that's the first time in the history of the organization," she said.

Manuel V. Pangilinan-led media conglomerate MediaQuest, the holding company of TV5 and Cignal TV, acquired TV5 in 2009.

Basas said that TV5 has reduced its losses significantly.

"Actually, we're going against the trends in the industry. I know the entire industry is suffering. We're going in the opposite direction," she said.