Deputy Speaker Vilma Santos-Recto filed anew on January 5, 2021 a bill seeking the renewal of the 25-year franchise of ABS-CBN.
House Bill No. 8298 filed by Santos-Recto states that ABS-CBN is “the Philippines’ largest entertainment and media conglomerate in terms of revenue, operating income, net income, assets, equity, market capitalization, and the number of employees.”
“Despite the growing popularity of social media, television still remains as a preferred mass medium in our provinces and far-flung areas,” Santos-Recto said.
“ABS-CBN has remained steadfast in its commitment to reach out to as many Filipinos as possible by delivering their quality core programs closer to our countrymen by taking advantage of emerging broadcast technologies,” she added.
Santos-Recto filed her bill at the House after Senate President Vicente Sotto 3rd filed Senate Bill No. 1967, which seeks to revive ABS-CBN’s franchise that has gained support from a number of senators.
The Constitution requires that a franchise bill must emanate from the House of Representatives.
However, a move to renew ABS-CBN’s franchise could be unlikely at the House as there is no more frequency available for another or new television network as the frequency will be awarded to a new station that applied ahead of ABS-CBN, a Congressman, who spoke on condition of anonymity, told Sovereignph. SOVEREIGNPH