ABS-CBN, TV5 execs sign agreement

August 11 ------ Top executives of ABS-CBN Corp. and TV5 forged a landmark investment deal, a partnership they described as "clearly transformational for both companies."

The deal allows the Lopez firm to acquire shares in the Manny Pangilinan network. Meanwhile, the cable and satellite TV subsidiaries of ABS-CBN and PLDT — Sky Cable Corp. and Cignal Cable Corp. — also entered into a deal.

Source: news.abs-cbn.com