For Presidential Legal Adviser Salvador Panelo, the best way for the Lopezes to solve its problem on ABS-CBN Broadcasting Corp.’s looming franchise expiration is to sell, even if it is a simulated one.
“Alam mo na, kadali lang naman gawan ng paraan ‘yan eh. Ibenta mo lang pagkatapos ikaw rin pala may hawak. Hindi naman… ewan ko ba, natatawa na lang ako,” said Panelo in an interview with ANC’s Karen Davila.
President Rodrigo Duterte himself had suggested that the Lopezes relinquish control of the country’s biggest media group. “”Itong ABS, mag-expire ang contract ninyo, mag-renew kayo, ewan ko lang kung mangyari. Ako pa sa’yo, pagbili na ninyo ‘yan,” Duterte said last December 2019.