{
  "id": 6302078,
  "title": "I&C Holdings takes 27% stake in ABS-CBN after P3.5 billion infusion",
  "url": "https://urgent.news/2026/09/08/i-c-holdings-takes-27-stake-in-abs-cbn-after-p3-5-billion-infusion",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-08T16:00:00.000Z",
  "source": {
    "name": "Philippine Star Business",
    "slug": "philippine-star-business",
    "url": "https://www.philstar.com/business/2026/09/09/2554896/ic-holdings-takes-27-stake-abs-cbn-after-p35-billion-infusion"
  },
  "original_language": "en",
  "account": "The Lopez family's dominant position in media conglomerate ABS-CBN has diminished as a new investor, I&C Holdings Corp., injected P3.5 billion into the company in exchange for a 27-percent stake. ABS-CBN disclosed the change in ownership on the Philippine Stock Exchange, stating that the new investors, alongside existing shareholders, bolstered the media firm's capital. I&C Holdings, a Filipino-owned investment company, became the second-largest shareholder with a 27.06-percent interest, while the Lopezes' share fell to 63.96 percent from 83.25 percent. Lopez Inc., one of the three branches of the Lopez clan, saw its ownership decrease to 44.35 percent from 78.4 percent, while ABS-CBN Holdings Corp. and Creme Investment Corp. experienced minor increases in their respective percentages. The infusion of capital aims to help ABS-CBN rebuild its balance sheet, cover capital requirements, and support corporate needs as the company works towards recovery following its forced exit from free TV in 2020. ABS-CBN anticipates revenue growth in the second half of the year due to events such as BINI's world tour and popular shows like \"Gandang Gabi Vice\" and \"Pinoy Big Brother Collab.\"",
  "summary": "The Lopez family’s grip on media giant ABS-CBN Corp. has loosened following the entry of a new investor that infused P3.5 billion into the company in exchange for a 27-percent share.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}