Official Statement of ABS-CBN Chairman Mark Lopez
ABS-CBN Chairman Mark Lopez issued a statement following the denial of the House panel on Kapamilya Network’s franchise renewal bid.
On Friday, July 10, the House panel convened to wrap up the hearings on the renewal of the ABS-CBN franchise and to give the final decision whether to approve or deny its petition for a legislative franchise.
The Committee on Legislative Franchises joins the Committee on Good Government and Public Accountability in giving the final verdict on the ABS-CBN franchise.
Related Article: House Panel Votes on ABS-CBN Franchise (LIVE STREAM)
Meanwhile, the House panel denied the franchise renewal bid by the country’s largest broadcast network.
A total of 70 congressmen voted Yes for the denial of the network’s franchise bid while 11 voted No with 2 who inhibit including actor-turned-politician Alfred Vargas and 1 who abstain.
Many were saddened by the House’s decision to junk the franchise renewal of Kapamilya Network.
Among those who reacted were ABS-CBN stars and executives including its chairman, Mark Lopez.
Here’s the official statement of ABS-CBN Chairman Mark Lopez courtesy of ABS-CBN PR:
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Congrats abscbn bitk nlang Wala na kyo da dre
Buti nga abd
Everything happens for a reason God is always good and I believe that God is with us God is with the ABS-CBN and someday ABS-CBN will be back to continue their mission and to continue serving people.