Nine Media Corporation
Nine Media Corporation (formerly known as Solar Television Network, Inc. or STVNI) is a Filipino-based media company. Formerly a wholly owned subsidiary of Solar Entertainment Corporation (SEC), a multimedia television and film company of the Tieng family, it is now solely owned by the ALC Group of Companies of the late Amb. Antonio Cabangon Chua. Nine Media is currently an affiliate of Aliw Broadcasting Corporation. Its headquarters are located at the Ground Floor of the Worldwide Corporate Center, Epifanio de los Santos Avenue corner Shaw Boulevard, Mandaluyong, sharing with its former parent Solar Entertainment. It owns  and operates its sole television property CNN Philippines, as well as the 34% controlling share of Radio Philippines Network (RPN). The company is named after its flagship television station in Metro Manila. History. TV channel. Solar Entertainment launched Solar TV in the early 2000s, which was later renamed to Solar USA and then to USA. USA was split into two channels, Jack TV and Crime/Suspense, in 2005. Solar TV launched last November 29, 2009 on Radio Philippines Network (RPN), then owned by the Philippine Government Communications Group, at 11:00am (Solar Entertainment already has an airtime lease agreement with RPN  in 2007). Its programming grid primarily includes American programs, and local sports and lifestyle content. On October 31, 2010, it changed some of its programming content to English/Tagalog. Broadcast company. Solar TV morphed as Solar Television Network, Inc. (STVNI) on January 5, 2010 as the corporate television arm of Solar Entertainment Corporation, serving as blocktimer of Solar Entertainment's channels to free-to-air broadcasting networks. STVNI later represents Solar Entertainment to acquire 34% of RPN's shares from the Philippine government as part of RPN/IBC privatization in 2011. The new company launched an all talk/news channel  Talk TV on March 2, 2011, co-owned by Solar TV itself and SBN while ETC replaced Solar TV on RPN. Talk TV would later change its name to Solar News Channel on October 30, 2012. In the last quarter of 2011, Solar TV launched its own news division Solar News. The programs produced by the new division were manned by former ANC personalities including Jing Magsaysay, Pia Hontiveros, Nancy Irlanda, Claire Celdran and Mai Rodriguez. In November 2013, San Miguel Corp. President and COO Ramon S. Ang personally tried to acquire the majority stake of STVNI from the Tiengs . Despite the new development, he would settle instead for a minority share of STVNI in September 2014. In the third quarter of 2014, Solar Entertainment chair Wilson Tieng announced that the ALC Group of Companies of former Ambassador Antonio Cabangon-Chua, took over STVNI, as well as its majority stake on RPN. Tieng and (RPN president) Robert Rivera were both resigned as chairman and president, respectively. The selloff of STVNI was also caused by Solar Entertainment's loss of revenue after investing in RPN. Solar TV reflected the change of ownership by reverting all non-SNC channels and assets back  to Solar Entertainment, followed by shedding off the "Solar" branding in all SNC's programs. The transfer was completed when SNC (which was transferred to RPN in December 2013) was finally rebranded into 9TV on August 23, 2014. On October 14, 2014, Solar TV Network was renamed as Nine Media Corporation, following the agreement between the latter and the Turner Broadcasting System to use the branding of CNN into its free TV assets of RPN as CNN Philippines, replacing 9TV, which was considered as a transitional brand. CNN Philippines was launched on March 16, 2015. In September 2015, Nine Media  Corporation President and CEO Reggie Galura stepped down from his position, and was replaced by Jorge San Agustin as Officer-in-Charge of the network. On October 9, 2016, CNN Philippines Managing Editor Armie Jarin-Bennett was appointed as president and CEO of Nine Media Corporation replacing San Agustin. Corporate Structure. As Solar TV Network. Solar Entertainment Corp. (SEC) and Solar TV (STV), prior to the latter's acquisition by ALC Group of Companies in 2014, are two separate business entities: As Nine Media. Since 2014, Nine Media Corporation is being owned by ALC Group of Companies through its investment  unit JRLT-JHI Corporation. While Antonio Cabangon-Chua was sitting as its chairman until his passing in 2016, JRLT-JHI is being owned by his children and relatives: Ferdinand Chua (20%), Rowena Lumague (20%), Candy Co (20%), Jose Wingkee Jr (20%), and Aida Anora (20%). While businessman Ramon Ang reportedly owns a minority share in Nine Media, SEC documents does not shows any Ang's shares with the company. Instead, Ang makes investments through advertisements and paid programming from the San Miguel Group to sole property CNN Philippines.