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ABS-CBN CORP. said the National Telecommunications Commission’s (NTC) order recalling all its frequencies has no additional impact on the company.
IN A BID to expand the reach of its content worldwide, ABS-CBN will be streaming select films from its library on Singapore’s StarHub TV-on-demand (TVOD) platform.
THE SUPREME COURT dismissed for mootness the petition of broadcast network ABS-CBN Corp. to stop the order of the telecommunications regulator directing it to go off air.
MORE THAN a month after being denied a franchise, network giant ABS-CBN has pivoted and shifted its focus to expanding its distribution of shows to countries in South America, Africa, and Asia.
ABS-CBN CORP. on Thursday reported an attributable net loss of P3.16 billion for the second quarter of the year, swinging from a profit of P695.80 million in the same period last year, after Philippine lawmakers rejected its bid to secure a 25-year broadcast franchise.
Philippine broadcaster ABS-CBN Corp. said it’s in talks with creditors on its long-term debt, saying its financial obligations are manageable even after Congress rejected...
CONGRESS’ refusal to renew the franchise of media giant ABS-CBN was undoubtedly a blow to the millions of Filipino households who watch the network’s shows on TV or radio, but the network’s shutdown also means that efforts to preserve the Philippines’ cinematic heritage have also gone down the drain.
NEWS of Philippine lawmakers rejecting the franchise application of ABS-CBN Corp. drove market players to take positions — and later profits — on the stock of rival GMA Network, Inc. last week.
THE ALLEGED violations of ABS-CBN Corp. should have been taken to a proper forum, instead of serving as basis for the cancellation of its franchise, a senator said on Monday.
On the morning of May 6, TV viewers in Metro Manila woke to an off-the-air ABS-CBN Channel Two. Instead of the morning news and talk-show, static drowned the TV screen. On May 4, Republic Act No. 7966, the law granting ABS CBN a 25-year franchise to broadcast on television and radio, prescribed. The following day, May 5, the National Telecommunications Commission (NTC) issued a Cease and Desist Order stopping ABS-CBN from operating its television and radio broadcasting stations absent a valid Congressional franchise as required by law. The law cited was Republic Act No. 3846 or the Radio Control Law of 1963.
ABS-CBN Corp. shares were halted by the Philippine Stock Exchange on Monday after lawmakers rejected the bid of the nation’s biggest media company for...
FOLLOWING the rejection of lawmakers on Friday of ABS-CBN’s application for an extension of its franchise, sports leagues which call the network home are now made to weigh their options.
SENATE Majority Leader Juan Miguel F. Zubiri proposed to reform broadcast franchises as he finds ordering the closure of companies that failed to secure renewal “too unreasonable and excessive.”
THE “politicization” of the country’s telecommunications sector that led to the forced shutdown of the services of ABS-CBN Corp. and its affiliate Sky Cable Corp. will further dampen investor sentiment, Fitch Solutions Country Risk & Industry Research said.
TWO panels at the House of Representatives are calling on ABS-CBN Corp.’s Chairman Emeritus Eugenio Gabriel L. Lopez III to attend the next hearings on the franchise renewal of the media network.
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.