The House of Representatives should look into the franchise of television network TV5 for possible violations over its alleged foreign ownership and its block time agreement with ABS-CBN network, three lawmakers said in separate resolutions.
"I think the merger left a bad taste in the mouth. There were flagrant violations not only of the rules and laws but also the constitution," Marcoleta said.
Consumer groups expressed support to the recently announced partnership of broadcast firms TV5 and ABS-CBN as a welcome development that would boost public awareness of critical information on issues and events that have direct impact to the daily lives of every Filipino.
ABS-CBN Corporation and TV5 Network, Inc., announced today the execution of an Investment Agreement that will allow ABS-CBN to acquire 6,459,393 primary common shares in TV5. | August 11, 2022