Election ads helped GMA double earningsKapuso GMA Network Inc. said on Monday that its net income more than doubled in the first six months of the year on the back of record airtime sales due to election-related earnings and sustained growth in recurring advertisements. Meanwhile, in Mega Manila, GMA posted an audience share of 41.8 percent, ahead of ABS-CBN’s 28.1 percent. In Urban Luzon, GMA registered a 39.6 percent household audience share, higher than ABS-CBN’s 31.4 percent. Leading free-to-air local news channel GMA News TV also exceeded its performance last year with a 10 percent increase in revenues. Felipe Yalong, GMA executive vice president and chief finance officer, noted the company is maintaining its income guidance for the year.

Source: Manila Times August 08, 2016 14:15 UTC