Romualdez’s Prime Media Holdings Inc.

MANILA, Philippines – House Speaker Martin Romualdez can now be counted as one of the major players in the Philippines’ broadcast industry, following a joint venture deal announced on Tuesday, May 23, between Prime Media Holdings Incorporated and the struggling Lopez-led ABS-CBN Corporation.

Romualdez, a lawyer, has gradually been growing his broadcast footprint over the past two years after the House of Representatives denied ABS-CBN a new 25-year franchise in July 2020. Romualdez, who was then the House majority floor leader, and his wife, Tingog (Voice) Party-list Representative Yedda Marie Romualdez, were among the 70 members of the lower chamber who voted against ABS-CBN’s franchise renewal.

The House Speaker, however, is not new in the broadcasting business. He started in 2008, or 15 years ago, after Congress granted his company a franchise to…

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