TV5 Releases Statement on ABSCBN Deal

Wednesday, August 24, 2022

Recent developments with the TV5 and ABSCBN deal have probably resulted to this and TV5 released this statement today. This will make closing the deal to be a bit delayed and ABSCBN and TV5 agreed to pause after some legislators raised issues regarding the investment move.

This would be heartbreaking for a lot of Filipinos who have been looking forward to the new things announced a few days ago which delves on entertainment content and new broadcast equipment for TV5 studios that is part of this deal.

Let's wait for more news about this in the next few weeks, I feel sorry for the people who are being serviced by free to air services by both these networks.


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