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.
We are not closing down any regional station. Pending completion of the study and recommendation of the Regional TV Review Committee, all the existing regional stations other than Cebu, Iloilo, Davao and Dagupan will be continued as satellite selling stations.
Though some regional programs in the morning and afternoon were cancelled, the afternoon news programs of Cebu, Iloilo, Davao and Dagupan remain and will be further strengthened.
As mentioned in our earlier statement, all affected personnel will be offered severance packages.
This undertaking is not connected to the impending talks with Mr. Ramon S. Ang.