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ABS CBN Corporation and TV5 Network Inc announce the termination of the “Convertible Note Agreement”
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ABS CBN Corporation and TV5 Network Inc announce the termination of the “Convertible Note Agreement”

MANILA, 2022 Sep 1 — Listed media conglomerate ABS-CBN Corp. will no longer buy a third of TV5 Network Inc. with the termination of the two companies’ investment agreement, according to its disclosure to the local stock exchange on Thursday. In a statement, both media companies also announced the termination of the Convertible Note Agreement...

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Malacañang Palace distances from SC’s handling of ABS-CBN case

MANILA – Malacañang on Tuesday declined to issue any comment on the way the Supreme Court’s (SC) is handling the issue concerning the expired 25-year legislative franchise of broadcast firm ABS-CBN Corp. In a virtual presser aired on state-run PTV-4, Presidential Spokesperson Harry Roque said the Palace would defer to SC’s judgment on the issues hounding...

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Reds using ABS-CBN closure to sow divisiveness: PCOO exec

MANILA – The Communist Party of the Philippines-New People’s Army-National Democratic Front (CPP-NPA-NDF) is using the franchise issue of embattled ABS-CBN as a chance to divide Filipinos who need unity amid fight against the dreaded coronavirus diseases (Covid-19), an official said Sunday. Presidential Communications Operations Office (PCOO) Undersecretary Lorraine Marie Badoy said the ABS-CBN franchise issue...

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Press freedom very much alive in the Philippines: Parlade

MANILA – Press freedom in the Philippines is very much alive contrary to claims of some groups that media freedom in the country is under threat following the cease-and-desist order by the National Telecommunications Commission (NTC) against ABS-CBN Tuesday. This, according to Southern Luzon Command chief, Lt. Gen. Antonio Parlade, Jr., in reaction to Amnesty International...