site the one example of a company in a tv network that sustain it's viability for 5, years at most.determine the factors why it grows and sustain
Answer (1)
GMA Network is a great example of a TV network that has sustained its viability for over five years. Founded in 1950 by American entrepreneur Robert "Uncle Bob" Stewart, GMA Network has grown to become one of the major Philippine commercial television networks ¹.*Key Factors Contributing to GMA Network's Growth and Sustainability:*- *Diversification of Services*: GMA Network has expanded its services beyond traditional television broadcasting to include radio broadcasting, digital media, and international channels ¹.- *Innovative Programming*: The network has produced various popular shows, such as "Unang Hirit," "24 Oras," and "Saksi," which have contributed to its success ¹.- *Strategic Partnerships*: GMA Network has partnered with other companies, like Summit Media, to operate Philippine Entertainment Portal (PEP) and Sports Interactive Network (SPIN) ¹.- *Adaptation to New Technologies*: The network has embraced digital transformation by launching its own video-on-demand service, myGMA Internet TV, and later, Kapuso Stream ¹.- *Government Support*: GMA Network has received government support, including a 25-year franchise renewal in 2017, which has helped ensure its continued operation ¹.Overall, GMA Network's ability to adapt to changing market conditions, innovate its programming, and diversify its services has enabled it to sustain its viability for over five years.
