Good Television (GTV)
GMA Network, Inc.-owned GTV (Good Television) is a news, entertainment, and lifestyle channel on free-to-air TV.
The channel has undergone rebranding multiple times before it settled on its present name and was launched in February 2021. Prior to being called GTV, it was the official news and documentary channel of GMA Network and was known as GMA News TV. Before it transformed into a news channel, it was known as QTV-11, and was primarily a lifestyle channel of the network.
Before taking over ownership of the channel, GMA aired programs through a block time agreement with ZOE Broadcasting Network, Inc., owned by the family of Eduardo “Bro. Eddie” Villanueva, using ZOE’s franchise to air GMA-produced shows. That agreement ended in 2019 and was not renewed.
With GMA’s main network rival ABS-CBN losing its franchise in 2020, a historic agreement was signed between the two companies for GTV to serve as new home to ABS-CBN’s longest-running noontime show “It’s Showtime” starting July 2023. The program used to be the fiercest competitor of GMA’s lunchtime show.
GTV also airs on channel 15 on TVplus, channel 2 on GMA Affordabox, channel 24 on SKYcable, channel 11 on Cignal, channel 6 on GSat, and channel 24 on Destiny Cable.
GTV is owned and operated by CityNet Network and Marketing Production, Inc., which is a 100%-owned (direct) subsidiary of GMA Network, Inc. The major shareholders of GMA Network are the Duavit, Gozon, and Jimenez families, through their wholly-owned family corporations.
Audience Share
1.00%
Ownership Type
Private
Geographic Coverage
National
Content Type
Free content
Media Companies / Groups
GMA Network, Inc.
Ownership Structure
GTV is owned and operated by wholly-owned (100%) GMA Network, Inc. subsidiary Citynet Network and Marketing Production, Inc.
As it is wholly owned by GMA Network, Inc. the Gozon-Duavit-Jimenez triumvirate again emerges as the majority owners of Citynet Network and Marketing Production, Inc.
Through their stakes in GMA Network, Inc. the Gozon family owns 29.7327% combined common shares in GMA through their member Ismael Gozon (0.08%) and companies FLG Management & Development Corporation (25.1% combined), Gozon Development Corp. (0.42%), Gozon Foundation Inc. (0.17%), and Vitezon, Inc. (0.03%). In addition, the family also owns 3.9327% of the 11.81% shares of GMA Holdings, Inc., where Felipe L. Gozon has 33.3% beneficial ownership.
Meanwhile, the second biggest owners with 27.4927% combined shares are the Jimenez family, which are relatives of the Gozons. Their companies with shares in GMA Network, Inc. are the M.A. Jimenez Enterprises, Inc. (13.49%) and Television International Corporation (10.06%). They also own 3.9327% of GMA Holdings, Inc. though Joel Marcelo G. Jimenez’s 33.3% beneficial ownership. In addition, Joel also holds 3.9327% direct shares in GMA.
The third biggest shareholder with 15.8077% combined shares in GMA Network, Inc. is the Duavit family through its members and companies. GMA President and Chief Executive Officer Gilberto R. Duavit, Jr. owns 0.12% shares in GMA, while his sister and GMA director Judith Duavit Vazquez holds 0.02%. Through their stakes in companies that hold shares in GMA, the family own another 11.735% shares via Gilberto’s 50% indirect shares in the Group Management and Development, Inc., and another 3.9327% via his 33.3% beneficial ownership in GMA Holdings, Inc.
Meanwhile, the fourth biggest shareholder in the broadcast company are the stockholders that lodged their shares in the PCD Nominee Corporation which account for 14% of all common stocks. However, GMA did not disclose the full list of beneficial owners of the 470,914,044 common shares as of December 2023.
Voting Rights
Missing Data
Individual Owner
General Information
Founding Year
2021
Affiliated Interests Founder
is a media giant that launched GTV in February 2021.
Affiliated Interests Ceo
is the Chief Executive Officer of GMA Network, Inc.
He is the son of the late Gilberto Duavit, Sr., the network’s founding chairman. Duavit Sr. was a lawyer and one of former president Ferdinand Marcos Sr.’s presidential assistants who helped draft the 1973 Constitution.
In 2010, Duavit, Jr. was elected by the board as the network’s president. In 2024, he was appointed as CEO to replace Gozon, who remained as chairman.
He is among the country’s 50 richest according to Forbes, with a net worth of US$350 million.
Affiliated Interests Editor-In-Chief
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Affiliated Interests other important people
Director of Citynet Network and Marketing Productions, Inc.
Treasurer of Citynet Network and Marketing Productions, Inc.
Contact
GMA Network Center, EDSA corner Timog Avenue, Diliman, Quezon City, 1101 Philippines
Telephone: (+632) 857-4627 local 4300
Website: www.gmanetwork.com/contactus
Financial Information
Revenue (in Mill. $)
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Operating Profit (in Mill. $)
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Advertising (in % of total funding)
Missing Data
Market Share
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Further Information
Meta Data
GMA Network, Inc. is a publicly listed corporation and is required by law to disclose all company details. The shareholding information is based on the top 100 holders of common shares as of Dec. 31, 2023 and the 2023 definitive information statement of the company.
Audience share is based on Nielsen Philippine Media Landscape Report Q2, 2023.
Sources
Media Landscape Report for Quarter 2, 2023, available upon purchase from Nielsen Company (US), LLC
