fbpx

ABS-CBN, TV5 to pause closing preparations to address issues raised by NTC, legislators

TV5 has recently issued a statement announcing that ABS-CBN and TV5 have agreed to a pause in their closing preparations to address issues raised by the NTC and certain legislators.

Abs-Cbn • Abs Tv5 • Abs-Cbn To Acquire Tv5 Shares Worth Php 2.16 Billion

According to the statement, “the pause will give the space for both media organizations to respond to the issues and accommodate any relevant changes to the terms.”

“Both ABS-CBN and TV5 believe that an agreement between the two media companies will have a favorable impact on Philippine media, and on free-to-air television—which remains the most affordable and extensive source of entertainment and public service to Filipinos,” the statement said.

ABS-CBN and TV5 recently announced that they have reached a partnership deal where ABS-CBN will acquire shares of TV5 amounting to PHP 2.16 billion.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 985 other subscribers

Leave a Reply
JOIN OUR TELEGRAM DISCUSSION

Your email address will not be published. Required fields are marked *