Burst your Babble

From denial to acceptance: Top ABS-CBN anchors take as much as 60% pay cut as Lopezes cut losses on news division

ABS-CBN Corp. has finally reached the fifth and last stage of grief after it accepted that it would have to operate just a fraction of its once, mighty news and public affairs division.

A Babbler revealed that the Lopez management has decided to retain only the top rating TV Patrol on air among its news programs along with its low-maintenance Teleradyo and ANC shows on Sky Cable and online.

Management announced that it would stop payment on all TV shows that would be cancelled and that employees could start looking for jobs in other rival networks starting the end of this month.

The other programs, including the late night news cast “Bandila” of Julius Babao and Karen Davila, have been axed as management has finally come to grips with the stark reality it won’t be getting back its franchise (and going back on air) in the near to medium term as it might have to wait as long as 2022 for a change in its fortune.

Babao will keep his morning show on Teleradyo while Davila will continue to host “Headstart” on ANC.

According to the Babbler, all top anchors have agreed to take a pay cut of as much as 60 percent while a big chunk of its news production team (the biggest in the country) had to be laid off.

The Babbler noted that top management raised the white flag as early as June 27 or days before the National Telecommunication Commission (NTC) pulled the plug on its broadcasting on TV Plus digital receivers and Sky Cable Direct satellite TV on June 30.

ABS-CBN claimed it had been losing P35 million a day since it was ordered by the NTC to stop operating its TV and radio stations DZMM 630 and MOR 101.9 on May 5, a day after its franchise expired.

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