Try GOLD - Free
ABS-CBN abandons bid for new franchise
Manila Bulletin
|June 27, 2025
Multi-media giant ABS-CBN Corp. is no longer pursuing a new congressional franchise to return to the broadcasting industry but will instead focus on the business of providing content, with which it expects to finally bounce back to profitability this year.
"Even if Congress granted the franchise to ABS-CBN, we would not be able to rebuild our former national network, because all the frequencies we used to transmit have already been granted to other broadcasters," ABS-CBN President and Chief Executive Officer (CEO) Carlo L. Katigbak said during the firm's annual stockholders' meeting held online on Thursday, June 26.
He noted that, "any solution that allows us to become a broadcaster again will require not just the franchise, but the return of the frequencies that we used to use."
This story is from the June 27, 2025 edition of Manila Bulletin.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Manila Bulletin
Manila Bulletin
Kiss' Gene Simmons recovering after car crash
Kiss rock star Gene Simmons is recovering after he fainted while driving along the Pacific Coast Highway in Malibu and crashed his SUV into a parked car, authorities said.
1 min
October 12, 2025
Manila Bulletin
Celebrating Excellence: Federal Land wins big at the Dot Property Philippines Awards 2025
Federal Land, Inc., one of the country's premier real estate developers, emerged as a big winner at the Dot Property Philippines Awards 2025, bringing home eight prestigious awards across various categories.
2 mins
October 12, 2025
Manila Bulletin
No Filipinos deported from US to any third country – PH embassy
The Philippine Embassy in Washington denied reports that a Filipino was among those deported to the African kingdom of Eswatini by the United States.
1 min
October 12, 2025
Manila Bulletin
The pain of ingratitude
Although “utang na loob” is considered a Filipino value, ingratitude also runs deep in our culture. Many who sacrifice for others often feel unappreciated, overlooked, or even taken for granted.
3 mins
October 12, 2025
Manila Bulletin
Palestinians return to homes as Gaza ceasefire takes effect
Thousands of Palestinians headed back to the heavily destroyed northern Gaza Strip on Friday as a US-brokered ceasefire came into effect in a deal that raised hopes for ending the Israel-Hamas war.
2 mins
October 12, 2025
Manila Bulletin
PH co-ops fight foreign entry
The Philippine Chamber of Cooperatives, Inc. (PCCI) is opposing a congressional proposal to open the local market to foreign cooperatives, warning it could undermine domestic coops and push the sector toward a corporate model.
1 min
October 12, 2025
Manila Bulletin
Jahns, Zaragosa in ICTSI Del Monte duel
They've crossed paths at the business end of tournaments more than once, and if current form is any indication, Keanu Jahns and Rupert Zaragosa could once again find themselves battling for supremacy — this time on the tight, demanding fairways of Del Monte Golf Club.
1 min
October 12, 2025
Manila Bulletin
Picture-perfect and PAGCOR
The Philippine Amusement and Gaming Corporation (PAGCOR) recently announced the 24 grand winners of their annual Photography Contest.
3 mins
October 12, 2025
Manila Bulletin
Moody Blues' John Lodge passes away
John Lodge, the singer and bassist of British rock band The Moody Blues for more than 50 years, has died.
1 min
October 12, 2025
Manila Bulletin
What foreigners can teach us
Today’s Gospel reading underscores the importance of gratitude and faith in our journey of discipleship.
2 mins
October 12, 2025
Listen
Translate
Change font size