ABS-CBN is set to submit to the Supreme Court (SC) before the month ends the comment on the quo warranto petition of Solicitor General Jose Calida who sought to revoke the network’s legislative franchise.
“We will comply with the Notice of the Supreme Court,” the network said in a statement.
The network noted that it received the SC’s notice on Feb. 13 and could file the comment on beor before Feb. 24.
Last Feb. 11, the SC gave the order “to file their comment to the said petition for Quo Warranto within a non-extendible period of 10 days from receipt of notice.”
Calida filed the petition which sought to revoke the legislative franchise of ABS -CBN Corp. and ABS-CBN Convergence Inc.
In filing the petition, Calida earlier said he wants “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.
Among the points he raised in his petition, Calida said “ABS-CBN abused the privilege granted by the State when it launched and operated a pay-per-view channel in ABS-CBN TV Plus, the KBO Channel, without prior approval or permit from the National Telecommunications Commission.”
“Futher, like Rappler, ABS-CBN had issued Philippine Deposit Receipts (PDRs) through ABS-CBN Holdings Corporation to foreigners, in violation of the foreign ownership restriction on mass media in the Constitution,” he added.
Calida also pointed out that “ABS-CBN Convergence (formerly Multi-Media Telephony, Inc.) resorted to an ingenious corporate layering scheme in order to transfer its franchise without the necessary Congressional approval” and “failed to publicly offer any of its outstanding capital stock to any securities exchange within the Philippines five years from the start of its operations, which is an indispensable condition in its franchise.”