GMA-7 on Reported Merger of Kapuso Network with TV5: ‘MVP Clarified that He was Misquoted’

GMA Network has released a statement regarding an article published today on the Philippine Star supposing that TV5 and GMA-7 are going to merge this November.

Here is the official statement of GMA-7:

“GMA Network is not in a position to comment on the article that came out in the Philippine Star today, June 4, 2012, regarding the reported merger of GMA Network and TV5 since we are not the source of the information. The said article attributed the information to Mr. Manny Pangilinan (MVP). To our knowledge, MVP has clarified that he was misquoted. We therefore suggest that anyone who wishes to verify may do so with MVP.”