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MediaQuest Holdings
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MediaQuest Holdings
MediaQuest Holdings, Inc. is a Philippine media company based in Mandaluyong. It is involved in radio and television broadcasting, as well as direct-to-home satellite services, live events, talent management, sports, content distribution, films, music, digital and print media. Though an affiliate of telecommunications company PLDT, MediaQuest is owned by the former's Beneficial Trust Fund (corporate entity - BTF Holdings, Inc.), a retirement pension plan funded through its Philippine Depository Receipts. PLDT does not directly own any media property as the current 1987 Constitution states that media companies should be 100% owned by Filipinos and the company's major shareholders include foreign entities such as First Pacific, and Nippon Telegraph and Telephone.
MediaQuest owns and operates national media firms TV5 Network Inc. (TV5) and Nation Broadcasting Corporation (NBC), as well as pay TV provider and regional radio and TV networks Cignal TV. MediaQuest also owns majority interest on newspaper companies The Philippine Star and Business World Publishing Corporation (BusinessWorld), and 30% of film production unit Unitel Group.
MediaQuest was established in 1998 by PLDT through its Beneficial Trust Fund, a retirement fund agency. First with the acquisition of Home Cable, a direct-to-home cable TV subscription service and second largest cable TV company through Unilink Communications. On July 1, 2001, Home Cable merged its CATV operation to Sky Cable Corporation and created Beyond Cable Holdings, Inc. with an enterprise value of P14.5 billion. Beyond Cable Inc. controls 66.5% through Benpres Holdings and 33.5% through MediaQuest Holdings Inc. Home Cable ceased its operations on June 30, 2005 (which was replaced by SkyCable Silver). PLDT sold its stake in SkyCable to the owner by ABS-CBN Corporation and Lopez Holdings Corporation in 2008.
In 1998, MediaQuest acquired Nation Broadcasting Corporation from the consortium of the Yabut family and then House Speaker Manny Villar.
In 2001, MediaQuest bought a controlling stake in GMA Network. This was until 2006 when an attempt to acquire GMA was failed. MediaQuest attempted again to acquire the network in 2012 but the talks collapsed.
In 2007, MediaQuest acquired GV Broadcasting Systems and its owner Satventures Inc., a direct-to-home satellite provider and radio network, from the Galang family. At the same year, it launched myTV as a mobile TV service. GV was later renamed as Mediascape, and officially launched its satellite pay TV service Cignal in 2009.
In March 2010, MediaQuest acquired ABC Development Corporation and its blocktimer MPB Primedia Inc. from a joint consortium led by former PLDT Chairman Antonio "Tony Boy" O. Cojuangco Jr. and Malaysia-based media conglomerate Media Prima Berhad. Manuel V. Pangilinan expressed that he had intended to acquire ABC as early as 1999.
In 2013, MediaQuest, through subsidiary Hasting Holdings, took over and later acquires the 70% ownership share on newspaper BusinessWorld after contributing to the company's capital. The group has previously acquired an 18% stake in national newspaper, the Philippine Daily Inquirer.
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MediaQuest Holdings
MediaQuest Holdings, Inc. is a Philippine media company based in Mandaluyong. It is involved in radio and television broadcasting, as well as direct-to-home satellite services, live events, talent management, sports, content distribution, films, music, digital and print media. Though an affiliate of telecommunications company PLDT, MediaQuest is owned by the former's Beneficial Trust Fund (corporate entity - BTF Holdings, Inc.), a retirement pension plan funded through its Philippine Depository Receipts. PLDT does not directly own any media property as the current 1987 Constitution states that media companies should be 100% owned by Filipinos and the company's major shareholders include foreign entities such as First Pacific, and Nippon Telegraph and Telephone.
MediaQuest owns and operates national media firms TV5 Network Inc. (TV5) and Nation Broadcasting Corporation (NBC), as well as pay TV provider and regional radio and TV networks Cignal TV. MediaQuest also owns majority interest on newspaper companies The Philippine Star and Business World Publishing Corporation (BusinessWorld), and 30% of film production unit Unitel Group.
MediaQuest was established in 1998 by PLDT through its Beneficial Trust Fund, a retirement fund agency. First with the acquisition of Home Cable, a direct-to-home cable TV subscription service and second largest cable TV company through Unilink Communications. On July 1, 2001, Home Cable merged its CATV operation to Sky Cable Corporation and created Beyond Cable Holdings, Inc. with an enterprise value of P14.5 billion. Beyond Cable Inc. controls 66.5% through Benpres Holdings and 33.5% through MediaQuest Holdings Inc. Home Cable ceased its operations on June 30, 2005 (which was replaced by SkyCable Silver). PLDT sold its stake in SkyCable to the owner by ABS-CBN Corporation and Lopez Holdings Corporation in 2008.
In 1998, MediaQuest acquired Nation Broadcasting Corporation from the consortium of the Yabut family and then House Speaker Manny Villar.
In 2001, MediaQuest bought a controlling stake in GMA Network. This was until 2006 when an attempt to acquire GMA was failed. MediaQuest attempted again to acquire the network in 2012 but the talks collapsed.
In 2007, MediaQuest acquired GV Broadcasting Systems and its owner Satventures Inc., a direct-to-home satellite provider and radio network, from the Galang family. At the same year, it launched myTV as a mobile TV service. GV was later renamed as Mediascape, and officially launched its satellite pay TV service Cignal in 2009.
In March 2010, MediaQuest acquired ABC Development Corporation and its blocktimer MPB Primedia Inc. from a joint consortium led by former PLDT Chairman Antonio "Tony Boy" O. Cojuangco Jr. and Malaysia-based media conglomerate Media Prima Berhad. Manuel V. Pangilinan expressed that he had intended to acquire ABC as early as 1999.
In 2013, MediaQuest, through subsidiary Hasting Holdings, took over and later acquires the 70% ownership share on newspaper BusinessWorld after contributing to the company's capital. The group has previously acquired an 18% stake in national newspaper, the Philippine Daily Inquirer.
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