Carlo Katigbak official statement
ABS-CBN Corporation President and CEO Carlo Katigbak released an official statement amid the franchise issues of the country’s largest network, ABS-CBN.
On Saturday, Carlo Katigbak thanked the Kapamilyas who have been supporting their call for the renewal of its franchise.
Here’s the official statement of Carlo Katigbak courtesy of ABS-CBN News:
ABS-CBN has been facing the congress and the senate in settling issues and violations allegedly committed by the network which include citizenship of network owner Gabby Lopez III, labor practices, alleged improper tax payments, use of Philippine Depositary Receipts (PDRs), and about digital operations of the network using AMCARA Broadcasting Network franchise even though it is illegal.
But in their hearings, the country’s largest network reiterated that they have not committed such violations.
It was on May 4 when the ABS-CBN franchise expired.
On May 5, the operation of the network’s TV and radio stations nationwide was suspended due to a cease and desist order by the National Telecommunications Commission (NTC).
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