Albay 1st district Rep. Edcel Lagman felt the need Thursday, Aug. 25 to encourage the people behind ABS-CBN and TV5 to follow through their deal after it was publicly assailed during a House briefing the previous day. Albay 1st district Rep. Edcel Lagman (Facebook) Lagman, in a statement, told...
As far as the Philippine Competition Commission (PCC) is concerned, local networks ABS-CBN and TV5 didn't have to notify or seek its permission regarding their recent acquisition deal. (Screenshot from Zoom meeting) This was relayed by PCC officer-In-charge Commissioner Johannes Bernabe to...
SAGIP Party-list Rep. Rodante Marcoleta scolded National Telecommunications Commission (NTC) Chairman Gamaliel Cordoba Wednesday, Aug. 24 for supposedly being remiss in investigating the shuttered ABS-CBN after the House of Representatives denied the network's application for franchise renewal back...
Buckling to political pressures, ABS-CBN Corporation and TV5 Network have decided to delay the closing of their agreement which would allow ABS-CBN to acquire up to 49.92 percent of TV5. “To address the issues which have been raised by certain legislators and the National Telecommunications...
Albay 2nd district Rep. Edcel Lagman has "corrected" the claim that the recent deal between the shuttered ABS-CBN and TV5 violated the latter network's franchise. TV5 logo "There is no franchise issue," Lagman, an independent minority solon, said in a letter to House Speaker Martin Romualdez on...
Two congressmen have filed House resolutions (HRs) seeking an inquiry in aid of legislation on the recent partnership that was forged by local media giants TV5 and ABS-CBN. TV5 logo (top) and ABS-CBN logo (Wikipedia) READ: https://mb.com.ph/2022/08/11/tv5-abs-cbn-announce-landmark-deal/...
Parañaque City 2nd district Rep. Gus Tambunting said it was his decision to remove the briefing on the ABS-CBN and TV5 deal from the agenda of the Committee on Legislative Franchises, which he chairs. Parañaque City 2nd district Rep. Gus Tambunting (Facebook) The reason for removing it on the...
ACT Teachers Party-list Rep. France Castro spoke on the recent ABS-CBN and TV5 deal Thursday, Aug. 18 and her views turned out to be opposite to that of SAGIP Party-list Rep. Rodante Marcoleta's. ACT-Teachers Party-list Rep. France Castro (left) and SAGIP Party-list Rep. Rodante Marcoleta Castro,...
The briefing on the recent deal between the shuttered ABS-CBN and TV5 has been removed from the agenda of the House Committee on Legislative Franchises meeting that was scheduled for Thursday, Aug. 18. The House plenary (Ellson Quismorio/ MANILA BULLETIN) This was discovered by House reporters on...
Lopez Holdings Corporation reported a 135 percent jump in attributable net income to P2.47 billion in net income attributable to equity holders of the first six months of 2022 from the P1.05 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
The House Committee on Legislative Franchises has taken notice of SAGIP Party-list Rep. Rodante Marcoleta's denunciation of the recent deal between the shuttered ABS-CBN and TV5. TV5 logo (top) and ABS-CBN logo (Wikipedia) The committee, which is chaired by veteran solon Parañaque City 2nd...
At least two consumer groups have expressed support to the merger of TV-5 and ABS-CBN which is being questioned by some critics. In a statement, CitizenWatch Philippine convenor Orlando Oxales described the merger as good news to the public as it would help democratize the dissemination of...
