NEWS WEB SITE InterAksyon.com will likely be moved under the Philippine Star group, the president of MediaQuest Holdings said.
MediaQuest President Ray C. Espinosa told reporters that the news Web site’s branding will remain the same.
“InterAksyon will most likely move to Philippine Star. Obviously they’re looking at the manpower… We want it to draw strength and synergy from the larger print organization,” he said.
However, there are no final details yet on the number of InterAksyon employees to be retained.
“I don’t know how many would be retained. But definitely we want it to be kept alive,” Mr. Espinosa said.
InterAksyon editor-in-chief Roby Alampay previously said the Web site has 20 regular employees. The Web site also let go of contractual employees last year.
Mr. Espinosa said the company wants “a decision or any transition” to happen within the first quarter of the year.
He added the synergy of the news Web sites would allow for targeting wider audiences.
“That’s the beauty of online. You can address so many segments, versus the print, with the costs, you can’t have many platforms,” he said.
InterAksyon.com is the online platform of PLDT, Inc.’s television network TV5 Network, Inc.
TV President Vincent “Chot” P. Reyes told reporters last week the company aims to reduce losses by 50% this year, having reduced losses by 43% last year. It targets to break even by 2019.
Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a stake in BusinessWorld through the Philippine Star Group, which it controls. — Patrizia Paola C. Marcelo
MediaQuest President Ray C. Espinosa told reporters that the news Web site’s branding will remain the same.
“InterAksyon will most likely move to Philippine Star. Obviously they’re looking at the manpower… We want it to draw strength and synergy from the larger print organization,” he said.
However, there are no final details yet on the number of InterAksyon employees to be retained.
“I don’t know how many would be retained. But definitely we want it to be kept alive,” Mr. Espinosa said.
InterAksyon editor-in-chief Roby Alampay previously said the Web site has 20 regular employees. The Web site also let go of contractual employees last year.
Mr. Espinosa said the company wants “a decision or any transition” to happen within the first quarter of the year.
He added the synergy of the news Web sites would allow for targeting wider audiences.
“That’s the beauty of online. You can address so many segments, versus the print, with the costs, you can’t have many platforms,” he said.
InterAksyon.com is the online platform of PLDT, Inc.’s television network TV5 Network, Inc.
TV President Vincent “Chot” P. Reyes told reporters last week the company aims to reduce losses by 50% this year, having reduced losses by 43% last year. It targets to break even by 2019.
Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a stake in BusinessWorld through the Philippine Star Group, which it controls. — Patrizia Paola C. Marcelo
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