MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Right around the corner from the main building of the ABS-CBN Broadcast Center in Quezon City stands the Victorian-like, colorful Pinoy Big Brother House, home to many seasons of the popular PBB TV show.
It’s now on sale, an announcement from ABS-CBN said, for P2 Billion! Proceeds from the sale is presumed to help reduce the former television network’s debt which as of July last year, stood at P18.4 Billion.
Maria Ressa’s Rappler Holdings Corporation has reportedly put in a bid for P1.6 Billion, in anticipation of a possible Supreme Court ruling affirming the Nobel Laureate’s conviction for Cyber Libel. If it wins the bid, Rappler is expected to move its main headquarters from Mandaluyong to Quezon City which is considered more friendly to businesses and sympathetic to the political opposition. A possible new CEO has been identified and is waiting on the sidelines for the SC decision.
On the other hand, The Adobo Chronicles is contemplating to bid for the PBB House for P1.8 Billion, as it continues to expand its worldwide reach and to accommodate its increasing staff. AC is on the list of the world’s Top 100 Satire Sites, placing 34th — up from last month’s 38th spot.
May the best bidder win!