ABS-CBN Corp. on Wednesday reported that it had drastically reduced its cost base and outstanding debt and narrowed its losses as of end-2025, even as its board approved a proposal to increase its authorized capital stock to P4.5 billion from P1.5 billion to accommodate new investors. During the company’s annual stockholders’ meeting, ABS-CBN President and CEO Carlo Katigbak reported that the media firm had significantly reduced its cost base, with combined general and administrative expenses and manpower c ...