TV5 chairman Manny V. Pangilinan (MVP) says the Kapatid Network is reworking its program grid this 2013 in an effort to cut its losses.
From January to June 2012, TV5 incurred losses amounting to P2.8 billion. MVP projects that the Kapatid Network lost roughly the same amount during the second half of 2012.
Although Pangilinan is optimistic that this figure will decrease in the coming years, he admits: "It's really the TV5 that continues to struggle. It will take longer than expected to become profitable."
According to an article published in InterAksyon.com, one of the major reprogramming moves is the transfer of Willie Revillame's show to the noontime slot.
"I think it's best to reposition and reformat the show. It would cost us, but we would expect a better revenue," MVP was quoted as saying in a December 27 article published in TV5's online news portal.
To date, Wil Time Bigtime is being aired in the primetime slot, pitting it against the news programs of rival networks ABS-CBN and GMA-7.
The TV5 executive also revealed that the new noontime show will be aired from Delta Theater in Quezon City instead of the network's Novaliches studio.
Last November, Willie announced that Wil Time Bigtime will only be airing until January 2013.
During the November 24 episode of Wil Time Bigtime, Willie told the audience, “Hanggang nandito kayo at nandito kami, para po sa inyo ito. Tandaan niyo, ‘Wow na wow, Willing Willie.”
This prompted others to think that this could be the title of his new noontime show.
As a result, Willie is expected to compete once again with GMA-7's longest-running noontime show, Eat Bulaga. He will also face competition from his former home network, ABS-CBN, via the variety show It's Showtime.
VIC SOTTO NOT WORRIED. In a previous interview with PEP.ph (Philippine Entertainment Portal), Vic Sotto said that he is not worried even though Willie is slated to return to the noontime slot.
Does Vic feel nervous about Eat Bulaga being pitted again against Willie’s show?
“Matagal na naming kasabay yun, okay lang. Wala nang dapat ikaba,” said the TV host who is one-third of the formidable comedy trio Tito, Vic and Joey.
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Manny Pangilinan explains why Willie Revillame's show will "reposition" to noontime slot
by posted on January 3, 2013