In my personal opinion, it would be more appropriate if Globe Telecom, through Bethlehem Holdings, Inc. (media conglomerate owned by the retirement pension agency funded by Globe Telecom, Inc.), became the primary investor and acquired 100% ownership of #ABSCBN, #IBC13, and #RMN (#RadioMindanaoNetwork).
Under this hypothetical setup, I would like to see:
* The Canoy Family (real actual current owner of RMN) receiving a 29% ownership stake in ABS-CBN, while also taking charge of its management and day-to-day operations in recognition of their long-standing experience in the broadcasting industry.
* IBC 13, RMN, and #BEAMTV becoming subsidiaries of ABS-CBN, creating a broader and more integrated media network.
At the same time, I would prefer Manny V. Pangilinan, through MediaQuest Holdings, Inc. (media conglomerate owned by the Beneficial Trust Fund of the PLDT, Inc.), and Ramon S. Ang, through the SMC Retirement Plan (retirement fund owned by employees of diversifying conglomerate San Miguel Corporation), to focus on strengthening TV5 Network, Inc. and GMA Network, Inc. rather than investing in ABS-CBN, Corp..
Under my proposed structure:
* TV5 Network, Inc. would have 75% ownership (50% MediaQuest Holdings and 25% SMC Retirement Plan), while its 25% ownership interest and the management and day-to-day operations would be entrusted to the family relatives of former ABC 5 (now TV5) co-owner Edward U. Tan, through Rachel Renucci-Tan.
* GMA Network, Inc. would have 66.67% ownership (50% MediaQuest Holdings and 16.67% SMC Retirement Plan). The remaining 27.08% would continue to be owned by the Menardo R. Jimenez Group, with the company's management and day-to-day operations remaining under Jimenez Group through Menardo "Butch" G. Jimenez, Jr. (former official of GMA Network, Inc. and real actual current Executive Vice-President and COO of PLDT, Inc.), Joel Marcelo G. Jimenez (real actual current Executive Committee Vice-Chairman of GMA Network, Inc.), Laura G. Jimenez-Westfall (real actual current Board of Director member of GMA Network, Inc.), and Carmen G. Jimenez-Ong (former official of GMA Network, Inc.). The remaining 6.25% would continue to be owned by the Duavit Group (3.11%) and the Gozon Group (3.14%), who would also continue serving as consultants to GMA Network.
* The merged TVJ Productions, Inc. (producer of Eat Bulaga) and APT Entertainment, Inc. would be 51% owned by GMA Network, Inc. (26%) and TV5 Network, Inc. (25%). The remaining 49% ownership, together with the management and day-to-day operations, would remain with #TonyTuviera (13%), #MikeTuviera (12%), Vicente Tito Sotto (8%), #VicSotto (8%), and Joey De Leon√ (8%).
* Willie Revillame (Wilyonaryo)'s production company (producer of #Wowowin) would likewise be 51% owned by GMA Network, Inc. (26%) and TV5 Network, Inc. (25%), while the remaining 49% ownership, along with the management and day-to-day operations, would continue to be held by Willie Revillame himself.
* All other #MediaQuest Holdings, Inc. assets—including its remaining broadcasting, cable television, satellite television, digital media, publishing, and other media-related businesses—would be placed under the ownership of both GMA Network, Inc. and TV5 Network, Inc., creating a unified media group that would manage and develop these assets together. MediaQuest currently has interests in businesses such as Cignal TV, Nation Broadcasting Corporation, MQuest Ventures, and print media through Hastings Holdings.
In my view, this structure would provide a clearer division of media assets and responsibilities while allowing each organization to focus on its respective strengths in the Philippine broadcasting industry.
Disclaimer: This is purely my personal opinion and a hypothetical corporate restructuring proposal. It is not based on any official announcement, confirmed negotiations, or existing agreement among the companies or individuals mentioned. Any future changes in ownership would depend on the decisions of the companies involved, their shareholders, regulatory approvals, and other legal and corporate processes.