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THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
grocery-2-aa
Economic Updates
Inflation Update: Prices rise even slower in May 
June 5, 2025 DOWNLOAD
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
May 29, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
View all Reports
Economy 2 MIN READ

Philippine regulator awards ABS-CBN broadcast assets to Advanced Media

January 25, 2022By Reuters
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MANILA, Jan 25 (Reuters) – The Philippines’ telecoms regulator said on Tuesday it has awarded television broadcast frequencies of ABS-CBN Corp ABS.PS, the country’s former top broadcasting company, to Advanced Media, which has links to a political ally of President Rodrigo Duterte.

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

The National Telecommunications Commission said in a statement it had issued a provisional authority for Advanced Media Broadcasting System Inc to operate and maintain analogue television Channel 2 and digital television Channel 16, assets previously held by ABS-CBN.

The regulator said it had allowed Advanced Media to provisionally operate the television channels catering to the capital region and nearby provinces until 2023.

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

A spokesperson for Villar did not immediately respond to a request for comment. ABS-CBN declined to comment.

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

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

It prompted ABS-CBN to cut jobs and stop its free-to-air television and radio shows watched by tens of millions of Filipinos. Since then, ABS-CBN has turned to buying airtime from other television networks and airing shows online.

(Reporting by Neil Jerome Morales. Editing by Jane Merriman)

((neiljerome.morales@thomsonreuters.com; +632 8841 8914;))

This article originally appeared on reuters.com

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