A leadership dispute at Lopez Inc has erupted into a boardroom battle, resulting in the ouster of its president over a contentious 2-billion peso capital infusion for ABS-CBN Corp. The Philippine conglomerate's top executive was removed following disagreements about the proposed investment in the media unit, according to sources familiar with the matter.

ABS-CBN, one of the Philippines' largest media networks, has been seeking capital to strengthen its operations amid challenging market conditions. The $33 million investment proposal became the flashpoint for deeper tensions within Lopez Inc.'s leadership structure. The ousted president publicly stated that the disagreement over this capital allocation was the direct cause of his removal from the position.

The leadership shakeup highlights growing tensions within one of the Philippines' most prominent business families over strategic direction and resource allocation. For ABS-CBN, the capital infusion represents a critical juncture as the media landscape continues to evolve with digital disruption and changing consumer habits.