Solon moves to revive ABS-CBN

A bill urging legislators to grant ABS CBN Corporation (Formerly ABS-CBN Broadcasting Corporation) with a legislative franchise has been filed before the House of Representatives.

Representative Joey Salceda, Chairperson of the House Committee on Ways and Means filed House Bill 11252 seeking to grant ABS-CBN Corporation a franchise to “construct, install, operate and maintain television and radio broadcasting stations in the country”.

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Salceda said when the former giant network lost its franchise it left 11,000 workers jobless and caused the loss of an information source during the COVID 19 pandemic.

The legislator also mentioned in his explanatory note that ABS-CBN did not violate any ownership restrictions and did not have pending liabilities as per statement from the Securities and Exchange Commission (SEC) and the Bureau of Internal Revenue (BIR).

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ABS-CBN ceased broadcasting in 2020 following the expiry of and failure to renew its legislative franchise.

Since then, the network rebranded itself as a mass content company producing news and entertainment programs in partnership with former rival companies GMA Network, TV5, A2Z among others.

(ABS-CBN photo)