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(Eagle News) – ABS CBN Corporation and TV5 Network Inc., said that they have “mutually agreed to terminate” the investment agreement dated August 10, 2022 that covered the proposed acquisition by ABS- CBN of 34.99 percent equity interest in TV5. In a statement, both media companies also announced the termination of the “Convertible Note Agreement” dated August 10, 2022 that covered the “proposed subscription by ABS-CBN to a Convertible Note to be issued by […]
Binigyang-diin ni House Speaker Rodante Marcoleta na isang maling layunin at hindi para sa kapakanan ng mamamayang Pilipino kundi para lang sa pansariling interes ang pagkandidato ng ilang kilalang personalidad sa bansa na ang layunin at isinasangkalan sa pagtakbo ay ang maibalik ang prangkisa at operasyon ng ABS-CBN.
Incident has legal implications and shows China’s increasing hubris, says Prof. Batongbacal (Eagle News) – China’s recent use of its Coast Guard and Navy ships in the Philippines’ Exclusive Economic Zone is a “violation of Philippine sovereign rights” and its recent actions of chasing a Philippine civilian boat show’s China’s increasing hubris to enter Philippine waters, according to a maritime law expert. The director of the University of the Philippines Institute for Maritime Affairs […]
MANILA, Philippines (AFP) — The Philippine armed forces said Friday it was investigating a report that Chinese military boats pursued a civilian vessel carrying Filipino journalists in the disputed South China Sea. A television crew from Philippine broadcaster ABS-CBN was travelling to Second Thomas Shoal in the contested Spratly Islands on Thursday when their vessel was allegedly chased by a Chinese Coast Guard boat and two attack craft. Tensions over the resource-rich sea have […]
Statement came after Pres. Duterte warned Congress he won’t allow ABS-CBN to resume operations (Eagle News) — House Speaker Lord Allan Velasco said he is shelving “until the next Congress” moves to revive the franchise of media network ABS-CBN. Velasco said that the priority of Congress right now is to finish “the remaining priority measures” of the Duterte administration. His statement came a few days after President Rodrigo Duterte stated that he would not […]
(Eagle News) – Senate President Vicente “Tito” Sotto III filed a bill on Monday, Jan. 4, 2021, seeking to renew the expired franchise of ABS-CBN. Senate Bill 1967 was introduced by Senator Sotto, seeking to renew for another 25 years the franchise of ABS-CBN to operate and maintain TV and radio broadcast stations in the Philippines among others which was previously granted under Republic Act. No. 7966. Sotto, in introducing the bill, cited the Social […]
(Eagle News) – Members of the European Parliament expressed alarm about what they claimed was a “deteriorating level of press freedom in the Philippines” and called on the Philippine government to “renew” the franchise of ABS-CBN, as well as to drop all charges against Rappler CEO Maria Ressa. This was contained as part of the resolution of the European Parliament which is composed of 705 members, The text of the resolution which also expressed […]
All “provisional authorities/certificates of public convenience” also revoked (Eagle News) – The National Telecommunications Commission has recalled all the radio frequencies and television channel frequencies earlier assigned ABS-CBN Corporation, citing the media network’s absence of a valid franchise. In a decision dated Sept. 9, the NTC said that “absent a valid legislative franchise,” ”all assigned frequencies/channels assigned to ABS CBN are hereby recalled.” The NTC also revoked and cancelled “all provisional authorities/certificates of public convenience” […]
(Eagle News)–The Supreme Court has junked the petition filed by ABSCBN Corp. against the National Telecommunications Commission cease and desist order that prompted the media giant’s shutdown of operations in May. The en banc voted unanimously to dismiss the petition for certiorari and prohibition with application for temporary restraining order and injunction due to mootness, in light of the supervening denial of the pending House bills for the renewal of ABS-CBN Corporation’s legislative franchise on […]
(Eagle News) — ABS CBN workers and employees, including the network’s actors, staged an indignation rally on Friday, July 10, 2020 during the historic voting of the House Committee on Legislative Franchises that rejected the media network’s application for a new 25-year franchise. Among those who also rallied with them were members of Gabriela, Bayan Muna and other sympathizers supporting the ABS CBN move for another franchise. Ernie Lopez, one of the ABS CBN management […]
(Eagle News) — In a historic vote, majority of the members of the House Committee on Legislative Franchises, including its ex-officio members, voted on Friday, July 10, to adopt the committee technical working group resolution rejecting the ABS CBN franchise renewal application. There were 70 lawmakers who voted Yes to the resolution denying the franchise renewal of the media network, with 11 while voting No as they were in favor a franchise renewal. Below is […]
70 voted yes for denial of franchise, only 11 voted for franchise grant (Eagle News) — With a majority vote of 70 from members of the House committee on legislative franchises, ABS CBN’s franchise renewal has been rejected on Friday, July 10. Only 11 members voted to give the media network a franchise. Voting happened after the technical working group of the House Committee on Legislative Franchises presented the committee resolution on the consensus […]
