By JOHN CARLO M. CAHINHINAN
The House of Representatives approved on second reading the legislative franchise application of television network TV5 of businessman Manny Pangilinan.
Through a viva voce voting, majority of the lawmakers approved the TV5’s franchise renewal for another 25 years under House Bill 8630.
TV5 Network Inc. is under the Mediaquest Holdings Inc. which owned and subsidized by the Beneficial Trust Fund of the PLDT. The said company is part of Pangilinan’s Metro Pacific Investments Corporation.
The network’s existing franchise under Republic Act No. 7831 will expire on December 8, 2019.
TV5’s legislative franchise is sponsored by Markina City Rep. Miro Quimbo, and House committee on legislative franchises chair Franz “Chicoy” Alvarez (Palawan).
Meanwhile, the legislative franchise of television network giant ABS-CBN is pending before Alvarez’s panel, amidst consistent threat from President Rodrigo Duterte that he will oppose its passage in Congress.
http://politics.com.ph/tv5-franchise-renewal-hurdles-house-second-reading/
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