"Manny Pangilinan isn’t buying GMA Network," says TV station in official statement

GMA News Online reports that GMA Network issued an official statement on Tuesday, December 27, to debunk rumors that TV5 chairman Manuel V. Pangilinan is buying GMA Network. A rumor had been going around in social networking sites that Pangilinan had offered to buy GMA for P500 billion.

If anything, this rumor should strengthen the network’s "Think Before You Click" campaign.

 

GMA News Online reports that GMA Network Inc. issued an official statement on Tuesday, December 27, to debunk rumors that TV5 chairman Manuel V. Pangilinan is buying GMA Network. A rumor had been going around in social networking sites that Pangilinan had offered to buy GMA for P500 billion.

 

In the statement, GMA Network emphasized: "There is no truth to the rumor that is circulating that MVP has bought GMA 7. In fact, there are no negotiations going on between GMA 7 and MVP for the latter’s purchase of GMA 7."

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