THE franchise of the Manila Broadcasting Company (MBC), owner of radio station dzRH, has been extended by President Rodrigo Duterte by another 25 years.
Duterte signed Republic Act 11109 on October 30, copies of which were given to members of the media only on Thursday.
The franchise will be renewed for 25 years, unless the order is revoked or canceled sooner. It will be deemed ipso facto (by fact) revoked if the corporation failed to operate continuously for two years.
MBC should secure the appropriate permits and licenses for the construction and operation of its stations or facilities.
The House of Representatives passed the bill on Aug. 29, 2018, while Senate passed its own version on Aug. 15, 2018.
MBC is owned by Fred J. Elizalde and the FJE Group of Companies, which operates the amusement park Star City. Elizalde is also the chairman and president of Philippine International Corp., Elizalde Holdings Corp. and Northern Capiz Agro-Industrial Development Corp.
MBC operates the oldest radio station in the country, dzRH. It also operates numerous FM radio stations, including Love Radio, WRocK and Yes FM.
Also on October 30, Duterte extended the franchises of Bright Star Broadcasting Network Corp. and the Vanguard Radio Network Co., by 25 years.
The former owns Like FM 105.9, while the latter runs 95.9 Big Sound FM.
https://www.manilatimes.net/duterte-extends-mbc-franchise-by-25-years/468228/
No comments:
Post a Comment