ABS CBN owners’ options: Sell majority of its stocks or buy airtime from TV 5 7 SHARES Share it! The Kapamilya network can take Duterte’s advice and sell Kapamilya network but maintain minority ownership. The Lopezes can also stick to plans to buy airtime from other media conglomerate and wait for 2022, when Duterte relinquishes power as president. Earlier, Pangilinan revealed he was open to negotiations with the Kapamilya Network for a block time agreement. Duterte also chided the Kapamilya network for dishonesty when it allegedly accepted payment for advertising spots for his campaign without airing them.

Source: Manila Bulletin January 01, 2020 23:48 UTC