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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 […]
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 […]
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) — 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 […]
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 […]
(Eagle News) – Lawmakers are now set to vote on whether to grant or to deny the application of media network ABS CBN to renew its franchise which expired on May 4 this year. The summation of the issues and evidence raised in the past 12 hearings started Thursday, July 9, considered Day 13 of the hearing conducted by House Committee on Legislative Franchise jointly with the House Committee on Good Government and Public […]
Remulla sees grounds for filing case before Ombudsman, as Marcoleta airs resignation call for NTC commissioner (Eagle News) – Several lawmakers hit the National Telecommunications Commission (NTC) for not immediately stopping ABS CBN in its use of its TV Plus digital box and UHF channel 43 to broadcast its programs even if its legislative franchise had already expired. During the continuation of the hearing on Monday, June 29, at the House of Representatives, Cavite Rep. […]
(Eagle News) – Several lawmakers continued questioning ABS CBN Chair Emeritus Eugenio “Gabby” Lopez III if his chairmanship and management of a Philippine mass media entity is allowed under the Philippine Constitution. In the continuation of the House joint committee hearing on the ABS CBN franchise renewal on Monday, June 8, lawmakers questioned Lopez not only on his dual citizenship – being both a US and Philippine citizen – but also questioning him as to […]
(Eagle News) – The Supreme Court asked the Senate and the House of Representatives to give its comment on the petition filed by ABS-CBN questioning the cease and desist order (CDO) issued by the National Telecommunications Commission (NTC). In its en banc session on Tuesday, May 19, the high court “separately impleaded the Senate and the House of Representative as a party to the case and required them to comment on the Petition within […]
(Eagle News)–The Supreme Court on Tuesday, May 19, did not issue a temporary restraining order on the National Telecommunications Commission’s order for ABSCBN to stop several of its radio and television operations. Instead, the SC unanimously directed the Senate, the House of Representatives and the NTC to comment on the petition filed by ABSCBN challenging the NTC’s cease and desist order issued a day after the media company’s franchise expired on May 4. The SC […]
(Eagle News) – A top official of the National Telecommunications Commission (NTC) said that the NTC had no other legal option but to issue a cease and desist order against ABS-CBN since it was operating under an expired franchise as of May 5, 2020. NTC Deputy Commissioner Edgardo Cabarios said their legal staff had studied all the options available to the NTC in the absence of a legislative franchise from Congress for the media […]
