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...
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...
SAGIP Party-list Rep. Rodante Marcoleta claimed that the merger between ABS-CBN and TV5 violated a provision in the franchise of the latter. SAGIP Party-list Rep. Rodante Marcoleta (Facebook) Marcoleta highlighted this during his privilege speech during the plenary session Monday, Aug. 15, wherein...
The recent deal between ABS-CBN and TV5 "left a bad taste in the mouth", said SAGIP Party-list Rep. Rodante Marcoleta, who still sounded very upset over the supposed misdeeds of the shuttered "Kapamilya" network. SAGIP Party-list Rep. Rodante Marcoleta (Screenshot from Facebook live) "Last week,...
SAGIP Party-list Rep. Rodante Marcoleta warned officials of three agencies that they would be summoned by the House of Representatives "in proper time" if they fail to address the issue on the deal between shuttered media giant ABS-CBN and TV5. SAGIP Party-list Rep. Rodante Marcoleta (Ellison...
ABS-CBN Corporation (ABS-CBN) and TV5 Network, Inc. (TV5), Thursday (August 11) executed an Investment Agreement allowing ABS CBN to acquire 6,459,393 primary (new) common shares in TV5, representing 34.99 percent of its total voting and outstanding capital stock, for P2.16 billion. After the...
