#abs-cbn operation

The National Telecommunications Commission (NTC) is set to issue a provisional authority to allow ABS-CBN and its subsidiaries to operate until June 2022. According to a report by ABS-CBN News, Congress is continuing its deliberation process on the network's franchise renewal bid. NTC Deputy Commissioner Edgardo Cabarlos stated to reporters that, "The advice is, if there is a concurrent resolution already, then we can issue the provisional authority." He also mentioned that unless the court restrains them from doing so, the agency will certainly issue a provisional permit for ABS-CBN which is valid until June 2022. The Congress will resume its session on ABS-CBN's franchise renewal bid on May 4. 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. While TeleRadyo will cease operations, ABS-CBN shared that it is entering a joint venture with Prime Media Holdings Inc. Read more in our articles including "ABS-CBN can operate until June 2022, says NTC" and "ABS-CBN TeleRadyo to cease operations effective June 30".