- ABS-CBN president and CEO Carlo Katigbak has issued a statement after House of Representatives rejected the franchise bid of the network
- He made the statement an hour after the result of the House voting on the fate of the network was announced
- Katigbak said they are deeply hurt by the panel‘s decision as they believe that the Kapamilya network has given significant service to Filipinos
- He likewise gave words of encouragement to employees and supporters of the network
PAY ATTENTION: Click "See First" under the "Following" tab to see KAMI news on your News Feed
ABS-CBN president and CEO Carlo Katigbak has issued a statement following the news that the House of Representatives rejected the franchise bid of the giant network on Friday, July 10.
Katigbak made the statement in a video an hour after the House committee finally announced the result of the voting on the fate of the network.
His statement, giving words of encouragement to employees and supporters of the Kapamilya network, was also published on ABS-CBN’s various social media accounts.
“Labis kaming nasasaktan sa desisyon ng Committee on Legislative Franchises na tanggihan ang franchise ng ABS-CBN. Naniniwala kaming nakapagbigay kami ng serbisyong makabuluhan at mahalaga sa mga Pilipino. Gayunpaman, nagpapasalamat kami sa Committee para sa pagkakataong maipahayag ang aming panig sa mga isyung laban sa amin.
Nagpapasalamat ang ABS-CBN sa aming mga sponsors na nanindigan upang mabigyan kami ng prangkisa at sa mga mambabatas na nagsalita para sa amin sa mga pagdinig. Habangbuhay kaming nagpapasalamat sa inyo.
PAY ATTENTION: Shop with KAMI! The best offers and discounts on the market, product reviews and feedback
Nagpapasalamat din kami sa lahat ng nagpahayag ng suporta at nag-alay ng dasal para sa amin. Hindi namain kakayanin ang lahat ng ito kung wala kayo.
Mananatili kaming nakatuon sa serbisyong publiko at umaasang makakahanap ng ibang paraan para tuparin ang aming misyon. Kasama ang aming mga empleyado, karamay niyo kami sa inyong kalungkutan. Inaasahan namin ang araw na tayo ay magkakasamang muli. Mga kapamilya, maraming salamat na patuloy kayong nagtiwala, sumuporta, nagdasal at lumaban kasama namin.
Kapit lang. muling magliliwanag ang kwento ng bawat Pilipino."
ABS-CBN is one of the leading broadcast networks in the Philippines. Its 25-year franchise expired on May 4 and the Committee on Legislative Franchises of the House of Representatives officially rejected on July 10 its bid to secure another franchise.
A few weeks ago, Solicitor General Jose Calida claimed that the “end” is already fast-approaching for the said network.
The giant media network also revealed that the company continues to lose millions in daily advertising revenues due to its broadcast shutdown and the current pandemic.
Please like and share our amazing Facebook posts to support the KAMI team! Don’t hesitate to comment and share your opinions about our stories either. We love reading about your thoughts and views on different matters!