Recto bill seeks renewal of ABS-CBN franchise for another 25 years

  MANILA, Philippines -- A bill renewing the franchise granted to ABS-CBN Broadcasting Corporation for another 25 years has been filed at the Senate.   Senate Bill No. 981, filed last Thursday, was initiated by Senate President Pro Tempore Ralph Recto.   ABS-CBN's franchise is set to expire on Match 30, 2020.   In the bill, Recto recognized ABS-CBN as the country's largest entertainment and media conglomerate in terms of revenue, operating income, net income, assets, equity, market capitalization, and number of employees.   "Despite the growing popularity of social media, television still remains as a preferred mass medium in our provin...

Keep on reading: Recto bill seeks renewal of ABS-CBN franchise for another 25 years

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