C) Flickr TheGreatRodj
Last updated on May 6th, 2021 at 10:27 am
MANILA – The House of Representatives Committee on Legislative Franchises on Friday denied the franchise bid of media giant ABS-CBN after a series of hearings.
In a vote of 70 to 11, the Legislative franchise committee has crushed the network’s hope to continue its operations under a fresh franchise.
According to the legislators, they have voted to deny the application of the network for a franchise to construct, install, operate and maintain broadcasting in the country. The Techinical Working Group also denied that the rejection of franchise renewal be related to press freedom.
The committee will likely adopt the recommendations of the report including a House probe, issuance of Philippine Depositary Receipts (PDRs) for industries wholly owned by Filipinos.
TWG also recommended that relevant committee to investigate in aid of legislation on the digital platform offerings of broadcast entities in order to protect the public interest and ensure that proper compliance with legislative franchises and make ammendments to take into account technological advancements in digital broadcasting technology.
The vote came after the House committee held over 10 hearings touching several issues such as citizenship of Gabby Lopez, alleged labor violations, tax evasion and other alleged political partisanship. House Deputy Minority Leader Carlos Zarate said that ABS-CBN and lawmakers who are for the franchise can re-file for the new bill which will undergo the same process that the recent denied bills for the franchise went through
A Market Catching Its Breath The Singapore market turned noticeably quieter after the Straits Times Index (STI) went down, reflecting…
In response to a sudden and highly visible spike in strategic naval operations, the attention of the world has been…
The fast naval build-up in the area of Taiwan and Japan is causing the tension of East Asia to be…
The future of Asia in 2026 has an excellent combination of both opportunities and risks: a fresh wave of IPO…
On a dining table, food from many different cultures may look the same, but that is not the case. After…
Asia Power Index 2025 reveals a significant change of the region of Asia, transforming the entire continent. While the struggle…
This website uses cookies.
Read More