Following reports of closing some of its regional stations and for lay-offing at least 100 of its employees and talents, GMA Network has aired its statement firming that the strategic streamlining being undertaken by the Network is geared towards increasing ratings and revenues of all of its regional stations from more efficient operations.
In a statement posted in the GMA Network online news portal the management said that the completion of the study and recommendation of the Regional TV Review Committee are still pending adding that news programs in the existing regional stations in Cebu, Iloilo, Davao and Dagupan will be continued and further strengthened.
Some regional programs in the morning and afternoon were cancelled promising all affected personnel with severance packages.
GMA also added that the Network’s strategic streamlining has nothing to do with Ramon S. Ang, who has acquired shares.
H/T: Inquirer.net/GMA News; Photo lifted from Google
