Romualdez firm eyes MVP Group's radio assets

The media network of the Romualdezes is eyeing to acquire radio assets from tycoon Manuel V. Pangilinan, marking another broadcast expansion for the political clan from Leyte.

- By ELIJAH FELICE ROSALES

Nation Broadcasting Corp. (NBC) yesterday said it is in talks with Philippine Collective Media Corp. (PCMC) for the sale of its radio assets, subject to regulatory approval.

"The parties are in discussions for the transfer of NBC's radio assets in favor of PCMC, subject to applicable regulatory approvals and other commercial terms," NBC said.

For the meantime, NBC is signing a content licensing agreement with PCMC as their deal awaits regulatory checks. NBC, a subsidiary of MediaQuest Holdings Inc. under Pangilinan, is moving the station assignments of its news unit in preparation for the turnover of its radio assets.