TV5 Network Inc. is targeting a break-even status as it continues to reduce its financial losses, according to a report by The Philippine Star.
“Losses are down. They’re moving in the right direction,” said TV5 Chairman Manuel V. Pangilinan (MVP).
While the network is still unlikely to turn a profit this year, Pangilinan expressed cautious optimism.
“We’re praying that they will just break even. I’m happy with that,” he added.
MediaQuest Holdings Inc. President and CEO Jane Basas, who also presented TV5’s latest performance to the board, said Pangilinan was “very happy” with the network’s progress.
“The growth trajectory is actually bucking the trend. This is because we can use the assets across the MediaQuest organization to fuel each other’s growth,” Basas explained.
She expressed hope that the Kapatid Network’s sharper focus on entertainment programming will further improve its financial performance this year.
Meanwhile, Cignal, MediaQuest’s satellite and digital content arm, continues to expand its reach, with 1.4 million subscribers across its over-the-top (OTT) platforms.
Jane Basas, who also serves as President of Cignal, shared that the company aims to double that number within the next 12 months.
Cignal is a multi-platform media company offering a wide range of content through satellite TV, streaming services, and digital platforms.
One of its latest initiatives is Cignal Play Microdramas—a new lineup of short-form vertical series featuring compact, emotionally resonant episodes under 10 minutes.
Four new microdramas are now available on Cignal Play, with the first five episodes free to watch. Full access to the remaining episodes is priced at just ₱20 per day.
“We believe storytelling has the power to connect, inspire, and transform,” said Basas.
“With Cignal Play Microdramas, we’re bringing a new dimension to Filipino content—short, impactful, and relatable.”