#ABS CBN franchise hearing

ABS-CBN Corp's franchise renewal bid was denied by the House of Representatives Committee on Legislative Franchise. Carlos Zarate, House Deputy Minority Leader and ex Officio member of the committee, told Inquirer that ABS-CBN could refile a new bill, "which shall undergo the same process that the denied bills for the franchise went through." Lastly, a member that has voted to deny ABS-CBN's application may also file for a motion of reconsideration. According to Zarate, "The motion for reconsideration will be heard in the same meeting if it's raised in the same meeting, or if it is raised on the same day on writing, it should be calendar by the committee for a hearing." Sources: ABS-CBN Teleradyo on FaceBook, Inquirer In an announcement today, ABS-CBN released a statement that its Sky Cable sale to PLDT will "no longer push through". ABS-CBN has just announced that one of its signature news channels, TeleRadyo, will be ceasing operations effective June 30, 2023. In a press statement released today, the media giant said that ABS-CBN could no longer sustain the channel's operations given that TeleRadyo had been incurring financial losses since 2020. "The company is deeply saddened by this closure and having to part ways with the many passionate and committed people who have made Teleradyo an important source of news and information for many Filipinos," says ABS-CBN. Read more in our articles including "House Legislative Committee disapproves ABS-CBN franchise" and "ABS-CBN cancels Sky Cable sale to PLDT".