Eric Canoy as the new chairman of IBC

June 16, 2013

The Kapinoy Network and IBC Board of Directors are heaed by the new chairman Eric Canoy as the new owner of the Intercontinental Broadcasting Corporation (IBC), which owns its flagship TV station IBC-13, the 24-hour news channel IBC News Network (INN), interntional Global IBC, the country's first-ever AM radio band for news and public service DZTV Radyo Budyong and the country's #1 internet danze mix FM radio station IDMZ.

Still to come, president Benigno Noynoy Aquino III as the PNoy administration considering his investments in our growing media comany. Another business that Canoy in his television company IBC-13 as the government-sequestered television network in the Philippines, the country and the Asia, is now prove that to compete with the two giant broadcast networks ABS-CBN Corporation and GMA Network Inc.

In terms of ratings, income, employees and revenue, reports have The Kapinoy Network has now a strong billions of pesos from capital expenditures and operational expantion in our privatization. Part of the network are the huge talent fees given to celebrity talents pirated from other networks with the talent of Viva.

When news broke out that MVP would no longer extend the blocktime agreement with AKTV with the government-owned sequestered network IBC-13, which was losing millions of pesos and cost P150 million yearly, that started tounges wagging that MVP was cutting down on his business connections. MVP himself admitted that the this business connection was unprofitable despite the concerns and protests of sports sectors, since AKTV shows sports programs like PBA, NCAA and other sports events.