TV5 releases official statement in the ABS-CBN -TV5 deal

TV5 releases official statement in the ABS-CBN -TV5 deal  

To address the issues which have been raised by certain legislators and the National Telecommunications Commission on the proposed investment by ABS-CBN for a minority interest in TV5, ABS-CBN and TV5 have  agreed to a pause in their closing preparations. 

This pause will give the space for both media organizations to respond to the issues and accommodate  any relevant changes to the terms. 

Both ABS-CBN and TV5 believe that an agreement  between the two media companies will have a favorable impact on Philippine media, and on free-to-air  television—which remains the most affordable and  extensive source of entertainment and public service to  Filipinos.

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About MJ de Leon

Everybody wants to be entertained! So I am publishing, not another entertainment blog, but a rather interesting rundown of the things that you pretend to not care about. I also blog about food, travel and a little bit of style at www.lifestylehub.net. Peace and love! :)