GMA 7 or the Kapuso Network is the flagship TV station of media giant GMA Network, Incorporated, one of the biggest media conglomerates in the Philippines. It’s a commercial TV station that airs on free TV channel 7 on very high frequency (VHF). It competes in a tight contest with ABS-CBN 2 regarding reach, audience share, and advertising revenue.The channel shows diverse programs from drama series, sitcoms, musical variety shows, infotainment, entertainment, and news and current affairs. GMA 7’s programming may also be viewed outside the country through its international channels GMA Pinoy TV, GMA Life TV, and GMA News TV International which are available via cable, direct-to-home, and Internet Protocol Television (IPTV). Nielsen’s National Urban TV Audience Measurement pegs the station’s audience share at 35.95 percent from January to August 2016. An American Robert La Rue Stewart founded the station in 1950 as Republic Broadcasting System. Three years after then President Ferdinand Marcos declared Martial Law, Stewart’s lawyer Felipe Gozon, Gozon’s brother-in-law Menardo Jimenez, and Gilberto Duavit, Sr., Gozon’s friend and one of Marcos’ presidential assistants, took over the station. Its corporate shareholding is owned by Group Management Development, Incorporated (23.47 percent), GMA Holdings, Incorporated (21.72 percent), FLG Management & Development Corp. (19.73 percent), M.A. Jimenez Enterprises Incorporated (13.49 percent), and Television International Corp. (9.94 percent) and other stockholders. Shareholder GMA Holdings, Incorporated has the following shareholders: PCD Nominee Corporation, Filipino (38.80 percent), PCD Nominee Corporation, Non-Filipino (37.02 percent), FLG Management And Development Corporation (11.93 percent), Group Management & Development, Incorporated (08.13 percent), FLG Management And Development Corporation (01.86 percent) and other stockholders.Today, Felipe Gozon sits as chair and chief executive officer of of GMA Network, Incorporated while Gilberto Duavit, Jr., son of Gilberto Duavit, Sr., sits as its president and chief operating officer. Joel Marcelo Jimenez, second son of Menardo Jimenez has been GMA Network, Incorporated’s flagship radio stations are DZBB 594.
Media Companies / Groups
GMA Network, Inc.
GMA 7 is owned by GMA Network, Incorporated, whose biggest shareholders are Group Management Development, Incorporated and GMA Holdings, Incorporated, which belong to the Gozon, Jimenez, and Duavit families.
Group / Individual Owner
Group Management Development, Incorporated
Group Management Development, Incorporated states "general contracting business" in its Securities and Exchange Commission documents, it is owned by the Duavit family.
GMA Holdings, Incorporated
GMA Holdings, Incorporated was incorporated on February 15, 2006 as a holding company. Its sole business is the issuance of Philippine Depositary Receipts (PDRs) relating to relating to GMA Network, Incorporated common shares. PDRs are defined by the Philippine Stock Exchange as a security which grants the holder the right to the delivery or sale of the underlying share.
FLG Management & Development Corporation
FLG Management & Development Corporation is a corporation owned by the Gozon family who are into shipping shipping, petroleum, real estate aside from mass media.
Robert La Rue Stewart
Affiliated Interests Founder
A former American war correspondent, Stewart was known for his radio and TV personality “Uncle Bob.”
Felipe L. Gozon
Affiliated Interests Ceo
Felipe L. Gozon is chairman of the board and chief executive officer of GMA Network, Incorporated. He served as the lawyer of the channel’s founder Robert La Rue Stewart. He is a Senior Partner at the Law Firm of Belo Gozon Elma Parel Asuncion & Lucila and one of the owners of the GMA media conglomerate.
Other Important People
Gilberto R. Duavit, Jr.
Joel Marcelo G. Jimenez
Gilberto M. Duavit, Sr.
Felipe S. Yalong
Anna Teresa G. Abrogar
Laura J. Westfall
Artemio V. Panganiban
Jaime C. Laya
Roberto O. Parel
Affiliated Interests other important people
President and Chief Operating Officer, Stockholder
Director since 2002, Stockholder
Executive Vice President and Chief Financial Officer, and Head of the Corporate Services Group, Stockholder
Director since 2000, Stockholder
Director since 2000, Stockholder
Independent Director since 2007
Independent Director of GMA Network, Incorporated since 2007
Corporate Secretary of the Company since 1993, Stockholder
Revenue (in Mill. $)
Operating Profit (in Mill. $)
Advertising (in % of total funding)
GMA Network, Incorporated is a publicly listed corporation and is required by law to disclose all company details.
Data based on Audience share from Nielsen’s National Urban TV Audience Measurement (Jan-June 2016).
The Securities Regulation Code, Republic Act 8799, which was enacted into law in 2000, lays down stringent disclosure requirements for companies that wish to make a public offering or that are already publicly listed, including who its beneficial owners are.
The Securities and Exchange Commission’s Memorandum Circular No. 11, series of 2014, requires all publicly listed companies to post on their websites the following information, among other things:
1) Company profile, mission and vision, Board of Directors, organizational structure, shareholding structure, Articles of Incorporation and By-Laws;
2) The disclosures required by the SEC, including periodic reports, statement of beneficial ownership and the General Information Sheet;
3) Manual on Corporate Governance, Annual Corporate Governance Reports;
4) Company policies on whistleblowing, conflict of interest, insider trading, related party transactions, health and welfare of staff;
5)Investor relations programs and shares, including the total outstanding shares, exchanges where the shares are listed, and the top 20 shareholders of the company. # Conversion rate on Dec. 31, 2015: P 46.86
Sources Media Profile
Financial Statement of GMA Holdings Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
General Information Sheet of GMA Holdings Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
Financial Statement of GMA Network Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
General Information Sheet of GMA Network Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)