ABS-CBN 3-month losses widened sans election ads

MANILA, Philippines — ABS-CBN Corp. incurred a wider net loss in the first quarter on weaker advertising revenues, the absence of major film releases, and softer cable and broadband sales. In a disclosure on Monday, the media giant said its consolidated net loss had reached P813 million in the January-to-March period, worsening from the P500-million loss