ABS-CBN is far from being killed, despite the House committee’s refusal to renew the franchise of its broadcasting business.
To recap, seventy members of the House Committee on Legislative Franchises voted ‘yes’ for the denial of ABS-CBN’s franchise renewal application on its final and 13th hearing last Friday (July 10).
“Labis po kaming nasasaktan sa desisyon ng committeee ng Legislative Franchises na tanggihan ang franchise ng ABS-CBN. Naniniwala kaming nakapagbigay kami ng serbisyong makabuluhan at mahalaga sa Filipino. Gayunpaman nagpapasalamat kami sa komite para sa pagkakataon na maipahayag ang aming panig sa mga issues laban sa amin,” said ABS-CBN President and CEO Carlo Katigbak.
With the paralysis of ABS-CBN’s business arm, members of its 11,000-people workforce are in danger of losing jobs by August, adding to the growing number of unemployment cases in the country amid the COVID-19 crisis.
Nevertheless, the network may still be able to continue its programs on digital platforms outside the franchise regulations of the National Telecommunications Commission (NTC).
This opens an opportunity for ABS-CBN to reach a global audience much larger than the 69 million Filipinos who have access to free TV in the Philippines.