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ABS-CBN acquires 35% of TV5 in a landmark deal

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
Quezon City Romulo Mabantaand Quiason Makalintal Carlo Katigbak Johannesr Bernabe Mark Lopez Manuelv Pangilinan
Source: mb.com.ph

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NTC to review partnership deal between ABS-CBN, TV5

MANILA - The National Telecommunications Commission (NTC) is set to review the deal that would allow ABS-CBN to broadcast its programs on TV5 following the former's failure to renew its broadcasting franchise in 2020. In an interview over Radyo Pilipinas on Thursday, NTC Commissioner Gamaliel Cordoba said there would be a thorough review of the proposed joint venture between the two broadcasting companies due to the outstanding violations of ABS-CBN revealed during the investigation made by ...
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