Paalam Kapatid! ABS-CBN, TV5 terminate P2.16B investment deal

ABS-CBN Corp. and TV5 Network Inc. on Thursday announced the termination of their planned multibillion-peso investment deal amid oppositions from certain lawmakers and the National Telecommunications Commission (NTC).  The Lopez-led company and Pangilinan-led broadcasting company have mutually agreed to terminate the investment agreement dated August 10 covering the proposed acquisition by ABS-CBN of 34.99 percent… Read More Paalam Kapatid! ABS-CBN, TV5 terminate P2.16B investment deal