Philippines’ free-to-air television network TV5 and ABS-CBN Corp. are in an “evolving and dynamic” discussion over a partnership, tycoon Manuel Pangilinan said on Saturday.
“Nothing definitive or final has been reached at this time,” Pangilinan, chairman of TV5 Network Inc., said in a mobile-phone text message, in response to a Media Newser Philippines report which said the two media companies are in advanced talks for a 50-50 venture.
