GMA Network, operating for 70 years, says it didn't violate 50-year single franchise cap

ABS-CBN News

Posted at Jun 19 2020 09:27 AM

GMA Network, operating for 70 years, says it didn't violate 50-year single franchise cap 1
An elderly couple watch the final airing of TV Patrol moments before ABS-CBN signed off on May 5, 2020. George Calvelo, ABS-CBN News/file

MANILA -- GMA Network, in operation for 70 years, said Friday it did not violate the 50-year limit on the life of broadcast franchises.

The broadcaster said it secured 25-year franchises in 1992 and 2017, both of which did not exceed 50 years at a time. The moves were pursuant to the 1987 Constitution, it said.

GMA said it operated from 1950 and first obtained a franchise under Act No. 3846 and later under Presidential Decree 576-A. It said its articles of incorporation were amended pursuant to the Corporation Code of the Philippines.

"GMA Network has consistently complied with all requirements related to its 70 years of operations," the company said in a stock-exchange filing.

SAGIP party-list Rep. Rodante Marcoleta earlier raised the 50-year limit during the franchise renewal hearing of ABS-CBN Corp, which has been operating for under 70 years.

During the most recent hearing last June 17, Marcoleta said he would "concede that the 50-year limit is subject to the discretion of the state."

ABS-CBN went off air on May 5, a day after its franchise expired after the National Telecommunications Commission ordered it to "cease and desist" operations.

News.abs-cbn.com is the official news website of ABS-CBN Corp.