ABS-CBN ready to defend to Constitutional, tax, and other issues

Photo courtesy of Business mirror

ABS-CBN Corp. owned by the Lopezes are prepared to defend itself against allegations they violated constitutional restrictions and franchise rules and even avoided taxes.

“We look forward to participating in the process of our franchise renewal and stand ready to respond to the issues that have been raised against the network, its owners, management and employees,” the Kapamilya network said.

The largest media company released the statement after the House of Representatives approved a means that would allow ABS-CBN to operate until October this year.

“We thank the leaders of the House of Representatives and the sponsors of the bill led by Speaker Alan Cayetano and Majority Leader Martin Romualdez for recognizing the role we play in providing for the needs of the people in terms of access to news, information, entertainment, and public service at this crucial time." the media giant said.

We remain open to opinions and constructive suggestions on how to improve the organization and better serve the Filipino people,” ABS-CBN added.

They also acknowledged the various individuals and groups "who have expressed their love and support," saying "You inspire us." 

The country's largest network on Wednesday welcomed the approval of House Bill 6732 by the House of Representatives Committee of the Whole granting ABS-CBN a 6-month provisional franchise to operate. 

HB 6732 still has to be approved on 3rd and final reading before it is sent to the Senate where senators have committed to supporting the measure. 

Post a Comment