MANILA -GMA Network Inc. is allocating P1.78 billion in capital expenditures this year to ramp up operations after it saw its bottom line decrease as its advertising revenues were hit and its production costs increased. The budget will be financed internally, according to the media group's latest financial report. Last year, it spent P116.71 million for the analog TV station upgrade of TV-28 Iloilo. It also budgeted about P138 million for new digital terrestrial television stations at TV-15 PBCOM in Makati, TV-15 Mt.

https://business.inquirer.net/396664/gma-network-spending-p1-78b-this-year-to-boost-operations

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