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Under his watch, the network has also experienced stability in terms of revenues, mostly from advertising and other revenue sources. [ 3 ] On December 31, 2023, Gozon retired his post as the CEO of GMA; Gilberto R. Duavit, Jr. , the company's president and COO took over his position on January 1, 2024. [ 4 ]
GMA Network (formerly known as Republic Broadcasting System, GMA Radio-Television Arts and GMA Rainbow Satellite Network) is commonly referred to as the Kapuso Network in reference to the outline of the company's logo; the branding was introduced on October 27, 2002 during an episode of its now-defunct Sunday noontime variety show, SOP.
The majority of its profits are derived from publicity and marketing incomes associated with television distribution. GMA is formed by the legal name of Global Media Arts. GMA Network was founded on March 1, 1950 by American entrepreneur Robert "Uncle Bob" Stewart as Loreto F. de Hemedes Inc.
In July 2021, GMA Network launched GMA Ventures, which focuses on investing in startups, and named Duavit as the vice chairman of the firm. [44] In December 2023, GMA chairman and CEO Felipe Gozon announced his retirement from the chief executive role and named Duavit as his successor. The leadership change, which took effect in January 2024 ...
He was chairman of GMA Network, Inc. from 1974 to 1976 and was a former director of the company in 1977. He along with accountant Menardo Jimenez and lawyer Felipe Gozon acquired the Republic Broadcasting System (RBS) from Robert Stewart in 1974 and renamed as GMA Radio-Television Arts.
As part of the take over, the name of the TV station was changed to GMA Network (RBS, Inc. became GMA Network Inc. in 1996) and relaunched in 1975 as GMA Radio-Television Arts. [ 3 ] [ 9 ] In 1976, DZXX was relaunched as DWLS in the FM band based on the initials of his wife, Loreto Stewart.
The network produces programmes from studios located at the GMA Network Center, EDSA corner Timog Avenue, Diliman, Quezon City. The network's primary transmitter facility is located at the GMA Tower of Power site, Tandang Sora, Barangay Culiat, Quezon City. The channel operates Mondays to Saturdays from 5:30 a.m. to midnight (the following day ...
He left GMA in 2005. [3] On June 16, 2005, it was reported by the Manila Bulletin that Razon was forced to resign from GMA for the network "to maintain its neutrality in the midst of the ongoing bitter conflict between the Iglesia ni Cristo (Church of Christ; INC) and the Members Church of God International (MCGI). At that time, Razon was the ...