CONGRESS KILLS ABS-CBN FRANCHISE

on

It’s official— Congress, particularly the Committee on Legislative Franchises has denied the application of media giant ABS-CBN for another 25 year franchise.

Committee chair, Palawan Congressman Franz Alvarez reported that an overwhelming 70 lawmakers adopted the recommendation of a Technical Working Committee (TWC) denying the franchise application “to construct, install, establish, operate and maintain radio and broadcasting solutions”

Only eleven lawmakers voted in favor of granting ABS-CBN 2 an extension of its franchise.

Of the 85 lawmakers who intimated their desire to express their views on the franchise issue, only 46 are regular members and 39 ex-officio members. Such an overwhelming vote of 70 when it only needs 43 votes for a majority one, says much about the political nature of this issue.

The TWG proposal also recommended a thorough investigation on the practice of issuance of Philippine Depository Receipts or PDR’s for industries requiring to be wholly owned and managed by Filipinos.

The report also recommended another House probe to look upon “various digital platforms offerings of broadcast entities in order to protect the public interests and ensure compliance with legislative franchises.”


Discover more from Current PH

Subscribe to get the latest posts sent to your email.

Avatar photo
Filobserverhttp://filobserver.wordpress.com
FilObserver aims to be the top most in mind when it comes to Philippine and Asian news, culture, information and opinions.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

MUST READ

Labor Day 2026: The Illusion of Employment in the...

Every Labor Day, the Philippine government celebrates the Filipino worker with familiar numbers: high employment, steady growth, resilience. But strip away the headlines, and a...

Balikatan 2026: Balancing Great Power Rivalry

Balikatan 2026 is a strategic exercise that places the Philippines at the center of the Indo-Pacific’s evolving security architecture. With 17,000 troops from seven...

Malacanang Man Brains Behind MC Taxi Ghost Riders and...

The so-called “ghost rider” controversy should alarm anyone who still believes public funds are treated with even minimal care. At its core, this is...

MC Taxi Ghost Riders nakakulimbat ng halos P 1...

https://www.youtube.com/watch?v=ZKwS7JTxnycSa hearing ng Committee ng Transportation chaired by no less than Cong. Franz Pumaren, lumalabas na between 350 million to 1.2 billion pesos ang...

MC Taxi Ghost Riders: Up to P 1.2 Billion...

Brazen is not a word we should use lightly when discussing systems that affect public welfare. But the pattern emerging from the motorcycle taxi...

Discover more from Current PH

Subscribe now to keep reading and get access to the full archive.

Continue reading

Discover more from Current PH

Subscribe now to keep reading and get access to the full archive.

Continue reading