HomeBusinessPhilippine regulator awards ABS-CBN broadcast assets to Advanced Media

Philippine regulator awards ABS-CBN broadcast assets to Advanced Media

MANILA: The Philippines’ telecoms regulator mentioned on Tuesday it has awarded tv broadcast frequencies of ABS-CBN Corp, the nation’s former high broadcasting firm, to Advanced Media, which has hyperlinks to a political ally of President Rodrigo Duterte.

Duterte, who has a strained relationship with the media, has threatened quite a few instances to block the franchise extension of ABS-CBN.

The National Telecommunications Commission mentioned in a press release it had issued a provisional authority for Advanced Media Broadcasting System Inc to function and keep analogue tv Channel 2 and digital tv Channel 16, assets beforehand held by ABS-CBN.

The regulator mentioned it had allowed Advanced Media to provisionally function the tv channels catering to the capital area and close by provinces till 2023.

Advanced Media has hyperlinks to billionaire Manuel Villar, the Philippines’ richest man.

A spokesperson for Villar didn’t instantly reply to a request for remark. ABS-CBN declined to remark.

Villar, a former home speaker, senate president and presidential candidate, is a supporter of Duterte. Villar’s spouse Cynthia was re-elected senator in 2019 as a part of the president’s workforce.

In July 2020, Philippine lawmakers rejected the renewal of a 25-year licence for ABS-CBN, alarming critics who noticed the transfer as politically motivated.

It prompted ABS-CBN to minimize jobs and cease its free-to-air tv and radio reveals watched by tens of thousands and thousands of Filipinos. Since then, ABS-CBN has turned to shopping for airtime from different tv networks and airing reveals on-line.

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