Duterte opposes renewal of ABS-CBN's TV franchise (call its execs as thieves)

Duterte opposes renewal of ABS-CBN's TV franchise (call its execs as thieves)

President Rodrigo Roa Duterte does not hide the fact that he hates ABS-CBN.

Last year in some of his speaking engagements he would say that he will block the renewal of ABS-CBN’s 25 year congressional franchise.

ABS-CBN’s franchise will expire on March 30, 2020. The rnewal for another twenty five years is already filed and is pending in Congress.

(photo credit to owner)

Duterte while being the guest of honor Malaybalay, Bukidnon,revealed that the ABS-CBN has been sending an emissary to secure the renewal of its congressional franchise in MalacaƱang, which the President turns down .

“Now, ABS-CBN, ‘yung franchise nila is due for renewal. Sige, padala ng emissary para kausapin ako (Now, ABS-CBN’s franchise is due for renewal. They are sending an emissary to negotiate with me)…. Nothing will happen. I will not talk to you but I will never also intervene,” President Duterte said.

“Pero (But) if I had my way, I would not give it (franchise) back to you. Magnanakaw kayo e. Niloloko ninyo yung mga maliliit (You are thieves. You are duping small people),” he added.

The President claims that ABS-CBN Chairman Eugenio Lopez 3rd had to retire because nothing was happening as far as the franchise renewal was concerned.

He challenges ABS-CBN executives to slap him in the face if records can show that there are more than 40 million in his bank account, vis a vis the allow the President to slap them if it is  below 40 million pesos.

“This is a challenge which I am hurling at you now. Punta tayo ng central bank pagkatapos sabihin ko buksan `yung computer at tignan ko `yung account. ‘Pag ka sumobra ng P40 million, I will step down (Let’s go to the central bank and then I’ll tell them to open the computer and look at my account. If it exceeds P40 million, I will step down),” he said.

“But kung hindi umabot ng P40 million, maglinya kayo diyan at sampalin ko kayo (But if it doesn’t reach P40 million, line up so I can slap you),” the President added.

Campaign ads

The president claims that he paid the media outfit for the airing of his political advertisements last 2016 Presidential elections, ABS_CBN did not aire any political advertising featuring the mayor from Davao city.

“Kaya binabastos ko kayo. Kayong mga mayaman? Talagang binabastos ko kayo kasi bastos kayo numero uno e. Itong mga Prieto pati ABS-CBN, they used to be Lopez – Lopez Group of Companies many years ago. You borrowed heavily from DBP,” he said.

“At the end, at the maturity, your debt to a government lending institution, DBP, was condoned. Hindi na binayaran ‘yan. Maniwala kayo. Nandiyan ako sa gobyerno. Hindi binayaran nila Lopez ‘yan. It’s condoned,” he added.

Lopez Holdings Corp.earlier said that it has no unpaid obligations with the Development Bank of the Philippines (DBP) or other government financial institutions after President Duterte announced on August 30 that he was going after the ABS-CBN over supposed debts to the state-owned bank.

What can you say about this?

Share us your thoughts by simply leaving on the comment section below. For more news updates, feel free to visit our site often.

Stay updated with today's relevant news and trends by hitting the LIKE button.  

Thanks for dropping by and reading this post.

Report from Manila Times

Post a comment


  1. Unfair, immature, and unpresidentiable!

  2. Dapat naman sana magbayad sila ng obligasyon nila dahil kaming maliliit na umutang sa DBP ay nagbayad kami at hindi kami tumatalikod sa obligasyon namin..isa pa nakakahiya na tapos na sa kontrata pero d pa kayo nakikipagayos sa gobyerno..kung hindi kayo sanay na mapahiya, gawin nyo po dapat ang nararapat para d kayo mapahiya pati mga susunod na henerasyon ninyo..buong Pilipinas na ang nakaalam at pati na rin siguro sa ibang bansa,D PO BA ANG UTANG AY DAPAT BAYARAN AT KAYO ANG EHEMPLO SANA NG MGA MAHIHIRAP NA KAHIT HIRAP MAGBAYAD, NAKAKABAYAD PA RIN DAHIL OBLIGASYON NA BAYARAN ANG UTANG, HINDI KAKALIMUTAN?

  3. Sabi ng abs cbn wala nang utang, kasi na condoned nga at di binayaran

  4. magbayad kayo mga balasubas na mayayaman kami nagbabayad kahit hirap kayo ang swerte nyo nautang kayo wala ng bayaran

  5. I will celebrate kung di na ma renew ang franchise ng ABIAs-cbn

  6. ABS CBN should close shop. Their TV programs dumb the minds of the people. It's only good for LGBT but not for the general public

  7. bayad muna kayo utang niyo, baka sakaling irenew pa ni mayor yan.

  8. kaya ako sa internet nalang ako nagbabasa ng news dina sa mga baliw at maka sariling mga tv network na bayaran na yan.