Assets
for Sale
1.
NG’s Equity representing 72.4% of the total shares or 9,494,327
shares held by PCGG (the “Shares”), broken down as
follows:
- 32.4%
(4,161,207 shares) – surrendered shares
- 40.0%
(5,333,120 shares) – being contested by the Far East Managers
and Investors,Inc. (FEMII)
2.
Foreclosed RPN assets located in various locations Nationwide
(the “Foreclosed Assets”).
3.
Receivables of the National Government (NG) in the form of loans
and advances to RPN by NG:
- Receivables
from RPN that were transferred by the Philippine National Bank
(PNB) to the NG, inclusive of interests and penalties and net
of the above-mentioned Foreclosed Assets; and,
- Receivables
from RPN in the form of advances by the Bureau of Treasury (BTr).
4.
Receivables of NG from RPN in form of unpaid operating fees, inclusive
of co-production sales, pursuant to the Memorandum of Agreement
between NG, through the then APT and RPN dated June 30, 1992.
5.
Receivables of NG in the form of unpaid insurance premiums.
6.
All mortgages, pledges, liens, charges and/or security interest
in favor of or accruing to NG over any and all properties, revenues
and other assets of RPN (the “Securities”).
Why Invest in Broadcasting/Media
The
global entertainment and media market is aggressively expanding.
With economic conditions on the rise, the industry, however, will
be fighting for resources against a backdrop of rising security
concerns and higher energy prices, as such TV networks are among
the earliest beneficiaries because advertisers value the medium
with the largest reach.
The
expansion in the number of channels as well as increase in cable
advertising boosted the TV networks market. As regards radio stations,
digital broadcasting is creating new advertising opportunities,
particularly for national advertisers, which can reach a national
market via radio more easily.
TV
networks/stations, radio and cable systems will be the next-fastest-growing
segment, fueled by continued growth in viewing and advertising
associated with news and current events in and out of the country,
showbusiness either local or international, various issues on
science and technologies, Olympics (i.e., Winter Olympics in 2006,
Summer Olympics in 2008 and other local and foreign sports events)
and political issues (i.e., presidential and congressional elections)
in the next coming years. Sponsorships for the said events and
forecasts will be the immediate source of revenue for the entertainment
market simply because television is the largest advertising medium.
Operations
RPN operates
six (6) television stations in six (6) cities, TV relay and translator
stations in Baguio and in twelve (12) other population centers
in the Visayas and Mindanao and thirteen (13) radio stations strategically
spread out over the archipelago.
RPN
became fully operational by launching its flagship radio station
in Manila, DZBI. Before long, it turned into a full network with
seven stations in Manila, Baguio, Tuguegarao, Laoag and Dadiangas
(now General Santos).
Towards the
close of the decade, the network branched out to television with
two stations – Channel 2 in Manila and Channel 9 in Baguio.
Since then RPN has been inextricably linked with the history of
Phillipine television.
RPN’s
maiden telecast on 23 October 1953 beamed over a 50-mile radius
by a 7.5 kilowatt transmitter covering an event – a garden
party in the residence of Judge Antonio Quirino in San Juan, with
his brother, President Elpidio Quirino as the special guest. The
telecast drew support from a total of 52 advertisers.
The decade
of the 60s opened with a significant landmark event for RPN. By
virtue of Republic Act No. 2890 passed by Philippine Legislature
on 29 June 1960, the company was granted a franchise to conduct,
establish, maintain and operate radio broadcasting and television
stations in the Philippines.
During the
succeeding years, radio stations within the RPN family mushroomed,
in a manner of speaking, in various parts of the country.
In 1969, the
network branched out into television when the original Kanlaon
Broadcasting System acquired the frequency as well as the transmitter
from ABS-CBN. By 1969, RPN was operating Channel 9 in Manila and
Channel 12 in Baguio.
Effective
July 22, 2003, Republic Act No. 9250 granted Radio Philippines
Network, Inc. a franchise to construct, install, establish, operate
and maintain radio and television broadcasting stations in the
Philippines. The franchise was extended for a term of twenty-five
(25) years from the date of effectivity of this Act.
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