THE ABS-CBN media behemoth is an anomaly that has made a mockery of our democracy. Here we have an oligarch clan (in ABS-CBN Corp.), a triumvirate of magnates in another (GMA7) and a foreign tycoon (Indonesian Salim in TV5). The Lopezes’ ABS-CBN made presidential elections a farce. While the outcome of presidential elections are determined by a complex of factors, ABS-CBN has been a dominant factor, a big kingmaker, as the masses are hypnotized by ABS-CBN as they watch the 6 p.m. news while waiting for their teleserye or comedy programs. With their finances getting worse, the Lopezes sold Meralco to their ally, the Indonesian Anthoni Salim, in March 2009.

Source: Manila Times May 07, 2020 16:35 UTC