Giant networks ABS-CBN and TV5 announced on Sept. 1 that they have mutually agreed to terminate an investment partnership.
The full statement issued by both networks:
"In disclosures to both the Philippine Stock Exchange and the Securities Exchange Commission today, Sky Vision Corporation
Ang daming nalungkot sa nilabas na mensahe ng ABS-CBN, TV5, tungkol sa plano nilang pagsasanib puwersa kamakailan. Nagpirmahan na nga ng kontrata ang magkabalikang kampo.
Buckling to political pressures, ABS-CBN Corporation and TV5 Network have decided to delay the closing of their agreement which would allow ABS-CBN to acquire up to 49.92 percent of TV5.
“To address the issues which have been raised by certain legislators and the National Telecommunications Commis
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