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THE Supreme Court has not yet ruled on the petition of ABS-CBN Corp. for a temporary restraining order against the cease-and-desist order of the National Telecommunications Commission (NTC) against the network, forcing it to stop airing after its legislative franchise expired.
ABS-CBN Corp. on Friday said the shutdown of its free-to-air television and radio operations “will significantly impact” the company’s media, networks, and studio Entertainment (MNSE) operations which generate billions of pesos in annual revenues.
A BILL seeking to provide a provisional franchise to ABS-CBN Corp. until Oct. 31, 2020 was approved on second reading on Wednesday, the same day it was filed.
THE Congress may consider granting an automatic extension of franchises with pending renewal applications to close the gap in the law that led to the shutdown of ABS-CBN Corp., a senator said on Tuesday.
AUTHORS of the pending bills for the renewal of the franchise of ABS-CBN Corp. urged House Speaker Alan Peter S. Cayetano to facilitate the “immediate convening” of the House committee on legislative franchises.
ABS-CBN Corp. stands to suffer millions of pesos in foregone advertising revenues daily, impair its credit standing, and risks defaulting on debts after it was forced to stop broadcasting with the issuance of a cease-and-desist order (CDO) by the National Telecommunications Commission (NTC), the Lopez-led media network said.
HOUSE SPEAKER Alan Peter S. Cayetano reiterated on Friday his assurance that the House of Representatives will do its job on the matter of the ABS-CBN Corp. broadcast franchise.
PRESIDENT Rodrigo R. Duterte was unlikely to veto a bill seeking to renew the franchise of broadcast giant ABS-CBN Corp., which had been critical of his administration.
THE legislative franchise of ABS-CBN Corp. expired on Monday with the National Telecommunications Commission (NTC) silent on the House of Representatives’ instruction to grant the broadcasting company a provisional authority to operate until the Congress decides on its franchise.
Investors include Kickstart Ventures, ABS-CBN, Gobi-Core Philippine Fund, Summit Media, and Foxmont Capital Partners. “Kumu [is] a compelling addition to the media landscape, and [they] have created a unique network which we think will dominate the media landscape in the country in the coming years.”
THE National Telecommunications Commission (NTC) has issued a memorandum order allowing ABS-CBN Convergence, Inc., whose franchise had expired on March 17, 2020, and other telecommunications companies of the same status to continue to operate during the Luzon-wide quarantine period, ABS-CBN Corp. said.
TV NETWORKS GMA and ABS-CBN have both halted production of their entertainment shows after the declaration of a community quarantine in Metro Manila.
THE Senate on Wednesday turned over to the National Telecommunication Commission (NTC) the resolution allowing ABS-CBN Corp. to operate while its franchise extension is pending in Congress.
CITING different rating providers, ABS-CBN Corp. and GMA Network, Inc. reported on Tuesday that they had kept their ratings high last month.
FIVE more senators moved to extend the validity of the ABS-CBN franchise until 2022, while its renewal remains pending in the 18th Congress.
HOUSE SPEAKER Alan Peter S. Cayetano said he would meet with the House committee chair on legislative franchises, Rep. Franz E. Alvarez, on Monday or Tuesday to determine whether the lower chamber should have an “administrative hearing” on ABS-CBN Corp.’s franchise issue.
ABS-CBN Corp. asked the Supreme Court (SC) to deny the petition of the state lawyer to issue a gag order to prohibit statements on the quo warranto case, claiming it is a violation of rights to free speech and free press.
ABS-CBN Corp. does not need provisional authority from the National Telecommunications Commission (NTC) to continue its operations once the House of Representatives and the Senate approved the joint resolution extending the validity of the network’s franchise until the end of the 18th Congress, a congressman said.
By Vann Marlo M. Villegas, Reporter THE Office of the Solicitor General (OSG) asked the Supreme Court (SC) to issue a gag order to prohibit...
BUSINESS groups on Tuesday urged Congress to give pending bills seeking to renew ABS-CBN Corp.’s franchise “balanced, fair and timely consideration.”
THE Senate Public Services Committee will look into the allegations against the ABS-CBN Corp. that were cited as the roadblock in granting the 25-year extension of its franchise.
AMID criticisms and the latest move from the government to revoke its franchise, embattled media network ABS-CBN Corp. on Wednesday clarified that it has no unpaid taxes to the Bureau of Internal Revenue (BIR) nor unpaid obligations to any bank.
THE Supreme Court (SC) asked ABS-CBN Corp. and its unit ABS-CBN Convergence, Inc. to comment on the petition of the state’s top lawyer to cancel the Lopez-led network’s franchise, as lawmakers stepped in to assert their authority over franchises.
A CONGRESSMAN on Friday urged the Office of the Solicitor General not to question the franchise of ABS-CBN Broadcasting Corp. at the Supreme Court, saying this could be seen as “government harassment.”
ABS-CBN Corp.’s shares are headed to a 10-year low after Philippine President Rodrigo R. Duterte continued his attacks on the television network he has accused of bias, urging its owners to sell before its franchise expires in March.
ABS-CBN Corp. is teaming up with a United States production firm to create its first Hollywood content that will be aired in television network WGN America.
A BILL seeking to renew the franchise of ABS-CBN Corp. for another 25 years has been re-filed at the Senate.
ABS-CBN Corp. is now starting the nationwide rollout of the mobile version of TVplus boxes.