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Nine Media Corporation
Nine Media Corporation (NMC) is a Philippine media and content company based in Mandaluyong City, Philippines. Formerly a wholly owned subsidiary of Solar Entertainment Corporation (SEC), a multimedia television and film company owned by Tieng family, it is now solely owned by the ALC Group of Companies through its indirect parent Broadreach Media Holdings, Inc.
Established in 2010 as a former corporate television arm of Solar Entertainment and served as a content provider for Solar-affiliated networks (RPN, SBN, RJTV, and BEAM TV). The company is also the majority shareholder of state-sequestered Radio Philippines Network (RPN), which privatized it's 34% controlling share from the Philippine Government as a part of 2011 RPN/IBC privatization. Later in 2014, SEC sold the entire share of the company to the ALC Group of Companies due to revenue losses while investing the network.
Today, Nine Media currently serves as a blocktimer for RPN's television stations, which airs its free-to-air channel RPTV through a joint venture with TV5 Network.
Solar Entertainment launched Solar TV in the early 2000s, which was later renamed to Solar USA and then to USA. In 2005, USA was split into two channels, Jack TV and Crime/Suspense.[citation needed]
Solar TV was relaunched on November 29, 2009, on Radio Philippines Network (RPN), then owned by the Philippine Government Communications Group (since 2007, Solar TV had already entered into an airtime lease agreement with RPN).[citation needed] Its programming grid primarily included American programs, local sports, and lifestyle content. On October 31, 2010, it changed some of its programming content to English and Tagalog.[citation needed]
Solar TV ventured as Solar Television Network, Inc. (STVNI) on January 5, 2010, becoming the Solar Entertainment's corporate television arm.[citation needed] The new company launched an all talk and news channel, Talk TV, on March 2, 2011, co-owned by Solar TV and Southern Broadcasting Network. (Talk TV would later change its name to Solar News Channel on October 30, 2012.)[citation needed] At the end of 2011, Solar TV launched its own news division called Solar News. The programs produced by the new division were staffed by former ANC personalities such as Jing Magsaysay, Pia Hontiveros, Nancy Irlanda, Claire Celdran and Mai Rodriguez.
STVNI later represented Solar Entertainment's acquisition to Radio Philippines Network (34% privatized) from the Philippine Government as a part of RPN/IBC privatization in 2011.[citation needed]
In November 2013, President and COO of San Miguel Corporation, Ramon Ang, attempted to acquire the majority stake of STVNI from the Tieng family, who controlled the company. He settled for a minority share of STVNI in September 2014.
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Nine Media Corporation
Nine Media Corporation (NMC) is a Philippine media and content company based in Mandaluyong City, Philippines. Formerly a wholly owned subsidiary of Solar Entertainment Corporation (SEC), a multimedia television and film company owned by Tieng family, it is now solely owned by the ALC Group of Companies through its indirect parent Broadreach Media Holdings, Inc.
Established in 2010 as a former corporate television arm of Solar Entertainment and served as a content provider for Solar-affiliated networks (RPN, SBN, RJTV, and BEAM TV). The company is also the majority shareholder of state-sequestered Radio Philippines Network (RPN), which privatized it's 34% controlling share from the Philippine Government as a part of 2011 RPN/IBC privatization. Later in 2014, SEC sold the entire share of the company to the ALC Group of Companies due to revenue losses while investing the network.
Today, Nine Media currently serves as a blocktimer for RPN's television stations, which airs its free-to-air channel RPTV through a joint venture with TV5 Network.
Solar Entertainment launched Solar TV in the early 2000s, which was later renamed to Solar USA and then to USA. In 2005, USA was split into two channels, Jack TV and Crime/Suspense.[citation needed]
Solar TV was relaunched on November 29, 2009, on Radio Philippines Network (RPN), then owned by the Philippine Government Communications Group (since 2007, Solar TV had already entered into an airtime lease agreement with RPN).[citation needed] Its programming grid primarily included American programs, local sports, and lifestyle content. On October 31, 2010, it changed some of its programming content to English and Tagalog.[citation needed]
Solar TV ventured as Solar Television Network, Inc. (STVNI) on January 5, 2010, becoming the Solar Entertainment's corporate television arm.[citation needed] The new company launched an all talk and news channel, Talk TV, on March 2, 2011, co-owned by Solar TV and Southern Broadcasting Network. (Talk TV would later change its name to Solar News Channel on October 30, 2012.)[citation needed] At the end of 2011, Solar TV launched its own news division called Solar News. The programs produced by the new division were staffed by former ANC personalities such as Jing Magsaysay, Pia Hontiveros, Nancy Irlanda, Claire Celdran and Mai Rodriguez.
STVNI later represented Solar Entertainment's acquisition to Radio Philippines Network (34% privatized) from the Philippine Government as a part of RPN/IBC privatization in 2011.[citation needed]
In November 2013, President and COO of San Miguel Corporation, Ramon Ang, attempted to acquire the majority stake of STVNI from the Tieng family, who controlled the company. He settled for a minority share of STVNI in September 2014.
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