HOUSE PANEL SHOOTS DOWN ABS-CBN FRANCHISE RENEWAL

ABS CBNREJECTEND OF THE ROAD

Philippine  lawmakers on Friday, July 10, rejected the  franchise application of ABS-CBN, the country’s largest media network.

The death sentence on the television giant was dealt by the House of Representatives  Committee on Legislative Franchises which tackled the ABS-CBN application for a new 25-year franchise.

Eighty-five members of the committee – 46 regular members and 39 ex-officio members – cast the following votes: 70 to adopt the rejection, 11 to dismiss the rejection, 2 to inhibit, and 1 to abstain.

House panel junks ABS-CBN’s bid for a 25-year franchise

 REJECTED

MANILA – The House Committee on Legislative franchises on Friday denied the application of media giant ABS-CBN Corp. for a new 25-year franchise.By a 70-11 vote, with one abstention, the panel, chaired by Palawan Rep. Franz Alvarez, approved the resolution denying the franchise application of… Read More

roque 2

Palace respects House panel’s move to deny ABS-CBN new franchise

 DECISION RESPECTED

MANILA – Malacañang on Friday said it respects the decision of a House committee to reject ABS-CBN Corp.’s bid for a fresh 25-year legislative franchise.In a press statement, Presidential Spokesperson Harry Roque said the decision of the House Committee on Legislative Franchises… Read More

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