#abs-cbn franchise renewal

Senate President Tito Sotto has recently filed a new bill that seeks ABS-CBN's franchise renewal. Back in July 2020, ABS-CBN failed to renew its license to operate after the House Legislative Committee disapproves its franchise renewal. 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 a report by ABS-CBN News, Congress is continuing its deliberation process on the network's franchise renewal bid. The Congress will resume its session on ABS-CBN's franchise renewal bid on May 4. You can read the full press statement below: It can be recalled that ABS-CBN had been struggling for the past three years to stay afloat following the loss of its franchise back in 2020. Read more in our articles including "Senate Bill filed to renew ABS-CBN franchise" and "House Legislative Committee disapproves ABS-CBN franchise".