Nine Media Corporation

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Nine Media Corporation
Subsidiary
Traded as Nine Media Corporation
Industry Media company
Predecessor Solar TV Network, Inc. (2009–2011)
Solar Television Network (2011–2014)
Founded November 28, 2009; 14 years ago (2009-11-28) (as a TV channel)
March 2, 2011; 13 years ago (2011-03-02) (as a broadcast company)
Founder Wilson Y. Tieng
Willy Y. Tieng
William Y. Tieng
Headquarters Ground Floor Worldwide Corporate Center, EDSA corner Shaw Boulevard, Mandaluyong City, Philippines
Area served
 Nationwide
Worldwide
Key people
 Jorge San Agustin (OIC)
Benjamin Ramos (Vice President)
Products CNN Philippines
Services Free-to-air TV and radio broadcasting, Cable television, publishing, news, websites
Revenue PHP 1.3 billion (2011)
PHP 2.0 billion (2014) [1]
Owner Aliw Broadcasting Corporation (70%)
San Miguel Corporation (20%)
Private stocks (10%)
Number of employees
 600
Parent ALC Group of Companies
(Aliw Broadcasting Corporation) (70%)
San Miguel Corporation (20%)
Private stocks (10%)
Divisions CNN Philippines News and Current Affairs
Subsidiaries Radio Philippines Network (34%)

Nine Media Corporation (formerly known as Solar Television Network, Inc. or STVNI) is a Filipino-based media company. Formerly a wholly owned subsidiary of Solar Entertainment Corporation (SEC), a multimedia television and film company of the Tieng family, it is now owned by a group of shareholders: the ALC Group of Companies of the late Amb. Antonio Cabangon Chua, the San Miguel Corporation and several private entities.[2] Its headquarters are located at the Ground Floor of the Worldwide Corporate Center, Epifanio de los Santos Avenue corner Shaw Boulevard, Mandaluyong City, sharing with its former parent Solar Entertainment.

It owns and operates television network CNN Philippines, as well as the 34% majority share of former state-owned media giant Radio Philippines Network (RPN).[2]

History

As a TV channel

File:Solar tv.jpg
Logo of Solar TV as a television channel from November 29, 2009 - February 25, 2011
File:Solar TV Network logo.png
Logo of Solar TV as a television network

Solar Entertainment launched Solar TV in the early 2000s, which was later renamed to Solar USA ("Ultimate in Suspense and Action") and then to USA. USA was split into two channels, Jack TV and Crime/Suspense, in 2005.

Solar TV launched last November 28, 2009 on RPN at 11:00am with a slogan It's A Bright New World. In October 31, 2010, it changed some of its programming content to English/Tagalog with a new slogan Kung Saan Lahat Panalo!.

As a broadcast company

As Solar Entertainment buys RPN, Solar TV was morphed into a corporate television arm of Solar. The new company launched an all talk/news channel Talk TV in March 2, 2011, co-owned by Solar TV itself and SBN while ETC replaced Solar TV on RPN. Talk TV would later change its name to Solar News Channel on October 30, 2012.

In the last quarter of 2011, Solar TV launched its own news division Solar News. The programs produced by the new division were manned by former ANC personalities including Jing Magsaysay, Pia Hontiveros, Nancy Irlanda, Claire Celdran and Mai Rodriguez. Several of its hired reporters include some from RPN's NewsWatch.[3]

On May 22, 2013, Solar Entertainment appointed two officers to manage its broadcasting and cable businesses - Manuel “Meckoy” Quiogue as Chief Commercial Officer and Maria Theresa “Mitos” Borromeo as Chief Operating Officer.[4] However, Quiogue suddenly died on May 31, a few days prior to assuming his position.[5]

In November 2013, San Miguel Corp. President and COO Ramon S. Ang personally tried to acquire the majority stake of STVNI from the Tiengs. Despite the new development, he would settle instead for a minority share of STVNI in September 2014.[6]

In the third quarter of 2014, Solar Entertainment chair Wilson Tieng announced that the ALC Group of Companies of former Ambassador Antonio Cabangon-Chua, took over STVNI, as well as its majority stake on RPN. Tieng resigned as the chairman of the network due to health reasons. The selloff of STVNI was also caused by Solar Entertainment's revenue downfall after investing RPN.[7][8] Solar TV reflected the change of ownership by reverting all non-SNC channels and assets back to Solar Entertainment, followed by shedding off the Solar branding in all SNC's programs. The transfer was completed when SNC (which was transferred to RPN in December 2013) was finally rebranded into 9TV on August 23, 2014.[9][10]

On October 14, 2014, Solar TV Network was renamed as Nine Media Corporation, following the agreement between the latter and the Turner Broadcasting System to use the branding of CNN into its free TV assets of RPN as CNN Philippines, replacing 9TV, which was considered as a transitional brand. CNN Philippines was launched on March 16, 2015.

Divisions

Subsidiary

Broadcast assets

Former divisions, and broadcast assets

Previous or changed ownership television channels

See also

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ 2.0 2.1 Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Tiengs move into news Manila Standard Today. 02-25-2011. Retrieved 02-25-2011.
  4. ↑ Solar Entertainment Corp. appoints 2 new officers retrieved May 22, 2013 9News
  5. ↑ http://www.bworldonline.com/weekender/content.php?id=73221
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Cabangon-Chua acquires RPN-9 retrieved August 21, 2014
  8. ↑ Cabangon-Chua group set to take over RPN-9 retrieved August 21, 2014
  9. ↑ - Solar News to be renamed News9? (Media Newser Philippines) retrieved August 18, 2014
  10. ↑ - Is RPN-9 Destined to Return? retrieved August 18, 2014
  11. ↑ - Solar News Channel turns into 9TV retrieved August 13, 2014
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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