WHILE TV5 Network Inc. is reluctant to take any step toward helping save ABS-CBN Corp.—in danger of closure unless it gets it’s a new franchise by March—the former is open to allowing the latter to buy block airtime to stream its content.
Manuel V. Pangilinan, who chairs TV 5’s parent PLDT Inc., also debunked online reports that the Lopez-led network is in talks to buy TV 5.
“No one is talking to us,” he said. “I don’t think they want to buy into a losing company.”
Pangilinan stressed his group’s cool reception to the prospect of being acquired.
“We’re not offering them anything, we’re not suggesting anything to them. We don’t want to take the first step,” he said.
ABS-CBN’s congressional franchise will expire on March 30. President Duterte has made it his mission to “block” the renewal of ABS-CBN’s franchise, claiming that the company had been remiss in its duties as a media platform.
With this, Pangilinan said his group remains open to negotiating for terms not related to any form of equity acquisition.
“We have lots of highways on 5. Setting aside the politics, if they want to [buy] block time, we’re prepared to talk. We don’t have a lot of entertainment content, anyway. So, it’s up to them,” he said.
https://businessmirror.com.ph/2019/12/30/tv5-open-to-let-lopezes-buy-block-airtime-if-abs-cbn-doesnt-get-franchise/
No comments:
Post a Comment