Philippine congressman proposes bill to grant ABS-CBN a new 25-year broadcast franchise.
A Philippine congressman has filed a bill to grant ABS-CBN, the country's largest broadcaster, a new 25-year franchise to operate TV and radio stations. The bill comes nearly five years after the company's franchise was denied, leading to its closure and the loss of 11,000 jobs. The Securities and Exchange Commission and Bureau of Internal Revenue have cleared ABS-CBN of previous allegations. If passed, the bill could help revive the network, a major source of news and entertainment for Filipinos.
3 months ago
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