ABS-CBN sees lower loss for mobile unit

BROADCAST media network ABS-CBN Corp. expects to trim its mobile unit’s losses to P400 million this year and is hoping to reach breakeven down the road with a strategy that is workable for the platform.

“In terms of contribution to results of operations for 2017, we expect the losses of [ABS-CBN] Mobile will still be about P400 million, which is lower compared to when we started,” Aldrin Cerrado, chief financial officer at ABS-CBN, told reporters in an interview.