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HISTORIC AGREEMENT: Mediaquest and ABS-CBN officially announce their partnership to strengthen its free to air network. Present are (L-R) Smart & PLDT President & CEO Alfredo S. Panlilio, Mediaquest Holdings President & CEO Jane J. Basas, Mediaquest Holdings Chairman Manuel V. Pangilinan
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 the 18th Congress in 2020. The deal, Cordoba said, would allow ABS-CBN to have part ownership of TV5...
ABS-CBN to buy 35% stake in TV5 Network
ABS-CBN will also invest in TV5 convertible notes worth 1.84 billion pesos
Broadcast giant ABS-CBN Corp. has found its way back to free TV by signing a landmark deal with Manny V. Pangilinan-led TV5 Network Inc. in a P4-billion transaction seen to hurdle legal challenges.