Manuel V. Pangilinan, the chairman, and CEO of PLDT expressed his willingness to help the rival network ABS CBN.
The Lopez-owned currently faces uncertainty after their request to have their license to operate met strong objection from the president of the Philippines himself. Their franchise if not renewed will expire this coming March 2020.
He said his TV5 Network Inc. is open but cautious at the same time to a block time deal with the Kapamilya network.
“We have lots of highways on 5. Setting aside the politics, if they want to block time we are prepared to talk. We don’t have much entertainment content. It’s up to them,”
“Of course politically, the President might say something so we are also reluctant,”
MVP although clarified that no talks between the PLDT-backed network and ABS-CBN have happened yet. Pangilinan also stated that buying out the Kapamilya network had never crossed his mind.
“I don’t want to be presumptuous. We don’t want to think about it. It’s up to them, but we’re not offering them anything. We’re not suggesting anything to them so there are really no talks.”
The media giant ABS-CBN, who’s been around the broadcasting business for 73 years already currently faces one of it’s biggest challenges to date.
The fear of its franchise not failing to receive renewal looms around the corner. Their license to operate, scheduled set to expire this March, had seen strong objection from the current administration for any possibility of renewal.
Looking at their history, Pangilinan has been a steady business partner of the Lopez family for several years now. Many of Metro Pacific’s core businesses such as North Luzon Expressway, Manila Electric Co. and Maynilad Water Services Inc. once belong and own by the Lopezes.
ABS-CBN currently operates under its a 25-year franchise which received approval back in 1995. This allows them to operate mainstream multimedia channels on TV and radio.
What do you think about this?