Nine Media Corporation
FormerlySolar Television Network, Inc. (2010–2014)
TypePrivate
IndustryMedia company
FoundedJanuary 5, 2010 (2010-01-05)
Founder
  • Wilson Y. Tieng
  • Willy Y. Tieng
  • William Y. Tieng
Headquarters
Ground Floor Worldwide Corporate Center, EDSA corner Shaw Boulevard, Mandaluyong, Metro Manila
,
Philippines
Area served
Nationwide
Key people
  • Benjamin Ramos (President)
  • D. Edgard A. Cabangon (Chairman of the Board)
ProductsCNN Philippines
ServicesFree-to-air television and radio broadcasting, cable television, publishing, news, web portals
RevenuePHP169.6 million (FY 2015)[1]
PHP-651.85 million (FY 2015)[1]
Number of employees
328 (FY 2015)[1]
ParentALC Group of Companies
DivisionsNine Media News and Current Affairs
SubsidiariesRadio Philippines Network (34%)

Nine Media Corporation (NMC, 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 solely owned by the ALC Group of Companies of the late Amb. Antonio Cabangon-Chua.[2] Nine Media is currently an affiliate of Aliw Broadcasting Corporation. Its headquarters are located at the Ground Floor of the Worldwide Corporate Center, Epifanio de los Santos Avenue corner Shaw Boulevard, Mandaluyong, sharing with its former parent Solar Entertainment.

It owns and operates its sole television property CNN Philippines, as well as the 34% controlling share of Radio Philippines Network (RPN).[2] The company is named after its flagship television station in Metro Manila.

History

TV channel

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

Solar TV launched last November 29, 2009, on Radio Philippines Network (RPN), then owned by the Philippine Government Communications Group, at 11:00am (Solar Entertainment already has an airtime lease agreement with RPN in 2007). Its programming grid primarily includes American programs, and local sports and lifestyle content. On October 31, 2010, it changed some of its programming content to English/Tagalog.

Broadcast company

Solar TV morphed as Solar Television Network, Inc. (STVNI) on January 5, 2010, as the corporate television arm of Solar Entertainment Corporation, serving as blocktimer of Solar Entertainment's channels to free-to-air broadcasting networks. STVNI later represents Solar Entertainment to acquire 34% of RPN's shares from the Philippine government as part of RPN/IBC privatization in 2011. The new company launched an all talk/news channel Talk TV on 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.[3]

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.[4]

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 and (RPN president) Robert Rivera were both resigned as chairman and president, respectively.[5] The selloff of STVNI was also caused by Solar Entertainment's loss of revenue after investing in RPN.[6][7] 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.[8][9]

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.

In September 2015, Nine Media Corporation President and CEO Reggie Galura stepped down from his position, and was replaced by Jorge San Agustin as Officer-in-Charge of the network. On October 9, 2016, CNN Philippines Managing Editor Armie Jarin-Bennett was appointed as president and CEO of Nine Media Corporation replacing San Agustin.

Corporate Structure

As Solar TV Network

Solar Entertainment Corp. (SEC) and Solar TV (STV), prior to the latter's acquisition by ALC Group of Companies in 2014, are two separate business entities:

  • SEC is exclusively owned by the Tieng brothers and operates 10 TV networks - ETC, 2nd Avenue, JackTV, JackCITY, Solar Sports, Basketball TV, NBA Premium, Shop TV, The Game Channel and My Movie Channel. It also has activities in film distribution.
  • STV, which presently runs Solar News Channel, is an incorporation wherein both William Tieng and Wilson Tieng are members of the board of directors.

As Nine Media

Since 2014, Nine Media Corporation is being owned by ALC Group of Companies through its investment unit JRLT-JHI Corporation. While Antonio Cabangon-Chua was sitting as its chairman until his passing in 2016, JRLT-JHI is being owned by his children and relatives: Ferdinand Chua (20%), Rowena Lumague (20%), Candy Co (20%), Jose Wingkee Jr (20%), and Aida Anora (20%). While businessman Ramon Ang reportedly owns a minority share in Nine Media, SEC documents does not shows any Ang's shares with the company. Instead, Ang makes investments through advertisements and paid programming from the San Miguel Group to sole property CNN Philippines.[10]

Broadcast assets

TV channels

Former divisions, and broadcast assets

Previous or changed ownership television channels

See also

References

  1. 1 2 3 "Media Ownership Monitor Philippines - Nine Media Corporation". VERA Files. Retrieved November 24, 2016.
  2. 1 2 "Solar Entertainment FAQ's" (Press release). Retrieved August 18, 2014.
  3. ↑ Tiengs move into news Manila Standard Today. Feb 25, 2011. Retrieved February 25, 2011.
  4. ↑ "MVP-Ang rivalry set to spill over into television with San Miguel acquisition of Solar stake". November 9, 2013. Retrieved August 18, 2014.
  5. ↑ "Cabangon-Chua buys Solar TV Network". BusinessWorld. August 22, 2014.
  6. ↑ Cabangon-Chua acquires RPN-9 retrieved August 21, 2014
  7. ↑ Cabangon-Chua group set to take over RPN-9 retrieved August 21, 2014
  8. ↑ - Solar News to be renamed News9? (Media Newser Philippines) retrieved August 18, 2014
  9. ↑ - Is RPN-9 Destined to Return? retrieved August 18, 2014
  10. ↑ Ramon Ang and his media interests Accessed on December 1, 2018.
  11. ↑ - Solar News Channel turns into 9TV Archived August 13, 2014, at the Wayback Machine retrieved August 13, 2014
  12. ↑ Angela Casauay (October 14, 2014). "CNN Philippines to start airing 1st quarter 2015". Rappler. Retrieved November 19, 2014.
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