TV5 Network Inc. said over the weekend it expects to break even in three years, after missing its target in 2019.
“We’ve been wrong before many times with TV5. My degree of certainty is quite high,” TV5 chairman Manuel Pangilinan said.
“I think [we] may be four or five years away. We are looking at profit situation, and maybe [it would take] three years for our breakeven. That’s our best forecast,” he said.
Pangilinan earlier projected that TV5 would break even after a series of manpower reduction in 2015 and abolishing its entertainment shows in 2016.
He said that despite missing its breakeven target in 2019, it was still hopeful about the prospects of TV5.
“We see some traction in respect to their [TV5] own entertainment content. It still low in terms of ratings, probably one tenth or one eight of the size of GMA7, but moving upward gradually,” he said.
“The content of ABS-CBN that’s so far been shown in TV5 has helped a bit and [we are] talking to them about further showing their content on TV5,” Pangilinan said.
ABS-CBN Corp. announced that TV5 would carry primetime programs “FPJ’s Ang Probinsyano,” “Ang Sa Iyo ay Akin,” “Walang Hanggang Paalam,” and “Pinoy Big Brother (PBB) Connect” starting March 8.
Under the arrangement with Cignal and TV5, ABS-CBN Entertainment would bring its programs through TV5’s nationwide reach. Cignal and TV5 are under MediaQuest Holdings Inc. of the Metro Pacific Group.
“We welcome the inclusion of ABS-CBN entertainment shows in our roster of programs. We believe that this content deal will benefit Filipino viewers across the country because of TV5’s extensive coverage,” Cignal and TV5 president and chief executive Robert Galang said.
Other ABS-CBN Entertainment shows airing on TV5 are “ASAP Natin ‘To” and “FPJ: Da King”.