The economic ripple, according to Cebuano lawmaker Raul Del Mar, extends to other entities that transact with the network, including the government.
This bad timing, Del Mar said, affects not only the livelihood of ABS-CBN’s over 11,000 employees and their families and the income for the network’s owners but also the investors and sub-contractors and taxes for the government. Del Mar, who represents Cebu City North District and earlier called for a hearing on the TV network’s franchise renewal, also said the closure of the network was not what the NTC and the House leadership has promised.
“This is not what Justice Secretary Menardo Guevarra ‘guided’ NTC by, which is, that there is ‘sufficient equitable basis’ for broadcast companies to continue operating while Congress still has to act on the bills granting the renewal,” Del Mar argued. On May 5, a day after the legislative franchise of ABS-CBN expired, the NTC ordered the network to stop broadcast absent a valid legislative franchise.
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