ABS-CBN vows to continue paying debts during shutdown
Media giant ABS-CBN Corp. promised to continue paying debts to banks even as the Duterte administration dealt a blow to its main business, broadcasting, threatening to wipe out thousands of…
PSE suspends trading on ABSCBN
The Philippine Stock Exchange (PSE) suspended trading of common shares and depositary receipts of ABSCBN Corp. on Wednesday as the broadcasting giant went off the air following a shutdown order…
NTC exec says cease order vs ABS-CBN a first
The Duterte administration’s order for ABS-CBN Corp., the country’s largest television network, to stop broadcast operations over an expired franchise might be a first. National Telecommunications Commission (NTC) deputy commissioner…