Uy, whose group recently established a media and entertainment arm, denied any intention to buy ABS-CBN and said “the business of broadcasting is not part of our corporate direction.”ABS-CBN is instead challenging the National Telecommunications Commission’s cease and desist order before the Supreme Court.
ABS-CBN said in its filing before the SC that it was losing up to P35 million per day—equivalent to about P1 billion per month—because of the shutdown. Without earnings, the company will eventually go bankrupt, threatening its 11,000 employees, analysts have warned. The NTC also told ABS-CBN to explain within 10 days why its frequencies should not be recalled by the government.Pierre Galla, co-founder at advocacy group Democracy.Net.PH, said the use of those frequencies will depend on the NTC should government succeed in recalling the spectrum.
Galla said another option is to stop or delay the recall of frequencies through a legal challenge, keeping them tied up in the courts.
Of course you wont sino bibili ng walang francising ? Even though may bibili nyan babaratin parin kayo at alam naman ng lahat d kayo papatalo sa presyo
Dont ever sell the company ABSCBN specially not to a chainees businessman from the south.
Why always blame everything to the president ? They should be shutdown completely because of such huge numbers of labor issues .. they will be a great example to employers who abuse their employees
And who is going to buy it? Liquidate and return the money of investors and lenders.
Who wants to buy garbage?
Dont sell! Atin yan!
The Duterte Government did not order to close ABS-CBN! Their franchise expired. FakeNewsMedia
There is a buzz regarding China bankrolling a local billionaire to acquire a television franchise. A foothold in the local media, will enable a certain senator be elected president. A dummy president who will do its bidding. Fictional scenario or truth?
“Duterte administration”.... hmmm bat d na lang NTC nilagay? Ikaw ah inquirer ah
Oero kaoank yung utang sa banks? Baka maremata yan. Nit for sale but Pwede ma sequester ng banks
misinformation na naman na si Duterte nagutos na ipasara. wala ngang prangkisa. no franchise, no broadcast.
And who would be interested in a no-franchise broadcaster whose fixed assets will likely end up as electronic junkyard items? 😄
Let's see after a few months. After it has defaulted on its loans and after its talents have transferred allegiances so they could maintain their lavish lifestyles.
Sana hindi papayag ang mga Lopez na ebenta Ang network Nila dun sa Chinese na business man..hayop talaga!!!!!
Nagmamatigas ang abusadong OLIGARKO.
Soon
Binibili na ba ng mga crony ni Agent Digong?
Pasasaan din at ibibinta din yan
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