Post ABS-CBN franchise scenario

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'Although some lawmakers say it can continue to operate until the adjournment of Congress in 2022 despite the expiration of its franchise, it is doubtful if it will take that course of action.'

There is no dearth in our country of publicity-hungry lawyers who would do that, so why take the risk?

Under existing regulations, the closure of a business establishment due to the installation of labor-saving devices, redundancy, retrenchment to prevent losses, or closing or cessation of operation entitle laid off employees to that benefit. Although of immense value, the franchise is only one of its multimillion-peso assets and its loss does not prevent it from engaging in commercial activities outside of radio and TV broadcasts.To ABS-CBN’s credit, it had the foresight to look beyond radio and TV broadcasts as sources of revenue.

Through its digital or internet-based facilities, ABS-CBN has been able to deliver content to its target audience, in particular millennials who get their dose of news and entertainment from mobile phones, tablets and other similar gizmos.

 

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Ipi-penalize ni Duterte yan pag nag operate wag kayo maniwala sa mga 🐊🐊🐊

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Drilon seeks extension of ABS-CBN franchise – The Manila TimesSENATE Minority Leader Franklin Drilon on Monday filed a joint resolution that seeks to extend the franchise of ABS-CBN broadcast network up to 2022. The senator filed Joint Resolution 11 amid uncertainties on the fate of the network when its 25-year ... Ang senatePH nga naman....kamusta na kaya ang mga TaxReform laws (CITIRA in particular) na inaamag na sa mga silya nila, langyaaaaaa...
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