TARGET. The ABS-CBN Broadcasting Center in Quezon City. Photo by Jire Carreon/Rappler
Law Professor Ted Te said Calida cannot go straight to the Supreme Court for the ABS-CBN case, citing the Gios Samar decision, particularly the part where the High Court said: ABS-CBN, in a statement, said"all our broadcast offerings, including KBO, have received the necessary government and regulatory approvals and are not prohibited by our franchise."
PDRs are financial instruments used by media entities to allow foreign investments without violating the constitutional rule that media companies should be 100% Filipino-owned. PDRs are a common, lawful practice, and their legality has been upheld by the SC. Calida's holistic attack on ABS-CBN's PDR may have implications on the mechanism of PDRs in general, especially since other broadcast companies issue the same to raise capital.
THE BILLIONAIRES CONTROL THE MEDIA. Repeat after me: THE BILLIONAIRES CONTROL THE MEDIA
YesToABSCBNShutDown
Tnx, Rappler 👍🏼 ‘didn’t see much of articles as 👍🏼as this when it was u guys who were on the hot seat, aside fr those coming fr u as a response/explainer. backtracking to CJ Sereno after SC voted, the legislators did not raise the issue of “right forum” anymore...(can’t recall)
Quo waranto or Power tripping,Both sounds the same today
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