In 1981, at the height of his real estate business expansion around what is now Ninoy Aquino International Airport, Velarde bought DZSA from the original owners of the Delta Broadcasting System, for P2 million, because he needed the parcel of land on which it stood.
Velarde bought DZSA from the original owners of the Delta Broadcasting System. This was for P2 million. This was at the height of his real estate business expansion around what is now Ninoy Aquino International Airport. This was in 1981. He needed the parcel of land on which it stood.