Business

House Committee on Franchise denies ABS-CBN franchise renewal

By: NewsLine Philippines

Date:

Share post:

DAVAO CITY — And the long wait is over, the House Committee on Franchise on Friday afternoon denied the ABS-CBN franchise renewal.

With 70 voting Yes, the resolution denying the renewal won; 11 Congressman voted no (meaning for the renewal); two inhibited from voting, and, one abstained.

At 3:15 on Friday Committee chairperson, Fran Alvarez of the First District of Palawan banged the gavel and announced that the result of the voting, which killed the effort of the television giant to seek the renewal of their franchise.

Here’s the hows it was announced:

https://youtu.be/VugNYbVhG4Q

The committee voted to “deny the application of ABS-CBN Corporation for a franchise to construct, install, establish, operate and maintain radio and broadcasting stations in the Philippines”.

The vote simply means more than 11,000 workers under the ABS-CBN group of companies, particularly its broadcast business will lose their jobs. Newsline

Previous article
Davao City installs new alert and warning system
Next article
ABS-CBN franchise rejection sole prerogative of Congress-Palace
NewsLine Philippines
NewsLine Philippines
[tds_leads input_placeholder="Email address" btn_horiz_align="content-horiz-center" pp_checkbox="yes" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" msg_composer="success" display="column" gap="10" input_padd="eyJhbGwiOiIxNXB4IDEwcHgiLCJsYW5kc2NhcGUiOiIxMnB4IDhweCIsInBvcnRyYWl0IjoiMTBweCA2cHgifQ==" input_border="1" btn_text="I want in" btn_tdicon="tdc-font-tdmp tdc-font-tdmp-arrow-right" btn_icon_size="eyJhbGwiOiIxOSIsImxhbmRzY2FwZSI6IjE3IiwicG9ydHJhaXQiOiIxNSJ9" btn_icon_space="eyJhbGwiOiI1IiwicG9ydHJhaXQiOiIzIn0=" btn_radius="0" input_radius="0" f_msg_font_family="521" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_msg_font_weight="400" f_msg_font_line_height="1.4" f_input_font_family="521" f_input_font_size="eyJhbGwiOiIxMyIsImxhbmRzY2FwZSI6IjEzIiwicG9ydHJhaXQiOiIxMiJ9" f_input_font_line_height="1.2" f_btn_font_family="521" f_input_font_weight="500" f_btn_font_size="eyJhbGwiOiIxMyIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMSJ9" f_btn_font_line_height="1.2" f_btn_font_weight="600" f_pp_font_family="521" f_pp_font_size="eyJhbGwiOiIxMiIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMSJ9" f_pp_font_line_height="1.2" pp_check_color="#000000" pp_check_color_a="#309b65" pp_check_color_a_h="#4cb577" f_btn_font_transform="uppercase" tdc_css="eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJsYW5kc2NhcGUiOnsibWFyZ2luLWJvdHRvbSI6IjMwIiwiZGlzcGxheSI6IiJ9LCJsYW5kc2NhcGVfbWF4X3dpZHRoIjoxMTQwLCJsYW5kc2NhcGVfbWluX3dpZHRoIjoxMDE5LCJwb3J0cmFpdCI6eyJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3Njh9" msg_succ_radius="0" btn_bg="#309b65" btn_bg_h="#4cb577" title_space="eyJwb3J0cmFpdCI6IjEyIiwibGFuZHNjYXBlIjoiMTQiLCJhbGwiOiIwIn0=" msg_space="eyJsYW5kc2NhcGUiOiIwIDAgMTJweCJ9" btn_padd="eyJsYW5kc2NhcGUiOiIxMiIsInBvcnRyYWl0IjoiMTBweCJ9" msg_padd="eyJwb3J0cmFpdCI6IjZweCAxMHB4In0=" msg_err_radius="0" f_btn_font_spacing="1" title_tag="h4"]
RIZAL MEMORIAL COLLEGEspot_img

Related articles

Health and Science

Trapped Indoors: 40% of Filipino Teens Go an Entire Week Without 1 Hour of Play

MANILA (November 7) --- Four out of every ten Filipino teenagers are spending their entire week without a...
Health and Science

Silence the Stigma, Take the Test: Why Caraga’s HIV Battle Ends at Your Local Clinic

BUTUAN CITY (November 7) — The numbers tell a double story in Caraga. On paper, 2,447 lives across the...
Environment

Flowing Against the Drought: How Cagayan de Oro Plans to Outsmart El Niño

CAGAYAN DE ORO CITY (November 7) — As forecasters warn of a severe dry spell stretching into early...
Regional News

Oaminal cites poverty decline, peace gains as MisOcc marks 97th anniversary

Governor reports improved employment and drug-cleared barangays, but vows to sustain efforts toward better jobs and wider economic...