The Office of the Solicitor General (OSG) has officially asked the High
Court to terminate the legislative franchise of broadcast network giant ABS-CBN.
Solicitor General Jose Calida told mediamen that the case was filed to
stop the supposed “abusive practices” being done by the giant network.
“We want to put an end to what we discovered to be highly abusive
practices of ABS-CBN benefitting a greedy few at the expense of millions
of its loyal subscribers. These practices have gone unnoticed or were
disregarded for years,” Calida said in a statement.
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| Solicitor General Jose Calida files a quo warranto petition before the Supreme Court (SC) to forfeit the legislative franchises of ABS CBN Corporation and its subsidiary, ABS CBN Convergence Inc. (PDI) |
OSG Calida said the petition will show that ABS-CBN has been hiding
behind an “elaborately crafted corporate veil” because foreign investors take
part in the ownership of the network which is in violation of the foreign
interest restriction of mass media under the 1987 Constitution.
Section 11, Article XVI of the Constitution provides that: The ownership
and management of mass media shall be limited to citizens of the Philippines,
or to corporations, cooperatives or associations, wholly-owned and managed by
such citizens.
Calida alleges that ABS-CBN’s issued Philippine Deposit
Receipts (PDRs) through ABS-CBN Holdings Corporation to foreigners, in
violation of the Constitution.
“This simply means that mass media
companies operating in the Philippines must be 100 percent Filipino owned
because they play an integral role in a nation’s economic, political, and
socio-cultural landscape,” Calida said.
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