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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 repo
MANILA - Lawmakers on Wednesday filed separate resolutions seeking a congressional inquiry on the probable violations of TV5 Network Inc. regarding its legislative franchise. Zamboanga Sibugay Rep. Wilter Palma filed House Resolution 280, which seeks to investigate the network's alleged violation of constitutional prohibition on foreign ownership. Palma cited published reports alleging that TV5, formerly known as ABC Development Corporation, is actually owned by an Indonesian national. He cited Section 11, Article XII of the 1987 Constitution stating that no franchise for the operation of ...
Lopez-led ABS-CBN Corp. narrowed its net loss by more than half in the first semester.
ABS-CBN AND TV5 announced a landmark investment agreement on Thursday, August 11, promising further collaboration in entertainment and news programmin
Broadcast giant GMA Network Inc. capped the first semester with a 10 percent jump in profit, maintaining its dominance in the free-to-air platform in the absence of its traditional rival.