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ABS-CBN, TV5 partnership to face scrutiny — NTC
The National Telecommunications Commission (NTC) will scrutinize the partnership agreement between ABS-CBN and TV5.
This review is necessary because ABS-CBN's past violations were noted during the 18th Congress investigation.
The proposed deal would grant ABS-CBN a stake in TV5, allowing it to utilize TV5's broadcasting franchise.
NTC Commissioner Gamaliel Cordoba highlighted that ABS-CBN cannot obtain its own franchise, hence the arrangement with TV5.
Cordoba also mentioned that ABS-CBN continues to carry the burden of its previous violations despite the new agreement.
The NTC has released Memorandum Order 3-06-2022, which prevents franchise grantees from engaging in mergers, joint ventures, or other commercial arrangements without the NTC's approval.
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SAGIP Party List Representative Rodante Marcoleta urged the Philippine Competition Commission (PCC) and the National Telecommunications Commission (NTC) to investigate the reported joint venture between ABS-CBN and TV5.
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Sagip party-list Representative Rodante Marcoleta stated that TV5's partnership with ABS-CBN violates its broadcasting franchise.
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ABS-CBN and TV5 have finalized a multibillion-peso investment deal, consolidating their content and resources.
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