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Manila Bulletin devider Philippines devider National devider Lagman names 'victims' of aborted ABS-CBN, TV5 deal

Lagman names 'victims' of aborted ABS-CBN, TV5 deal

Published Sep 2, 2022 02:57 pm

Freedom of the press, free speech, and the viewing public.

Albay 2nd district Rep. Edcel Lagman (Screenshot from Zoom)

Albay 2nd district Rep. Edcel Lagman named these three as "victims" of the terminated deal between the shuttered ABS-CBN and fellow local network TV5.

"The Sword of Damocles ominously hangs again over freedom of the press and free speech," Lagman said in a statement Friday, Sept. 2.

A day earlier, it was reported that the two networks had "mutually agreed to terminate the investment agreement on the purposed acquisition by ABS-CBN of 34.99 percent equity interest in TV5".

"TV5 and ABS-CBN have scuttled their joint venture agreement under the backdrop of tirades against the agreement from some legislators and the errant demand of the House of Representatives and the National Telecommunications Commission (NTC) that they should first approve the agreement," noted the Bicolano.

"Another victim of the termination is the viewing public for being deprived of the emergence of fair and healthy competition in the television and broadcast industry which could have been ushered in by the agreement," he further said.

https://mb.com.ph/2022/08/24/2020-pa-yun-marcoleta-scolds-ntc-chief-for-sitting-on-abs-cbn-violations/

 

Lagman, an independent minority solon, has been defending the deal between ABS-CBN and TV5.

He also took up the cudgels for ABS-CBN in 2020 when the Kapamilya network tried to renew its expired operation franchise before the House of Representatives.

The House, particularly the Committee on Legislative Franchises, ultimately rejected the franchise renewal application.

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