Tag: PDRs

Reps. Marcoleta, Barzaga point out ABSCBN’s intricate corporate layering, and how its foreign PDR holders given power of control

Solons quiz ABSCBN counsel responsible for PDRs on how ABSCBN allegedly “circumvented” PHL Constitution on mass media ownership   (Eagle News) – Two lawmakers pointed out how media giant ABS CBN used an “intricate web of corporate layering” as they questioned ABS CBN and their lawyers Thursday, June 11, on how they used the so-called Philippine Depository Receipts (PDRs) to possibly “circumvent” the Constitutional limitation on media ownership to allow foreigners to have a level […]