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ABS-CBN loses franchise renewal bid in 70-11 vote

The House of Representatives Committee on Legislative Franchises on Friday junked ABS-CBN Corp.’s application for a fresh 25-year franchise.

Only 11 lawmakers voted against the technical working group’s proposal to deny the media giant’s franchise bid while an overwhelming 70 votes were cast in favor of the TWG resolution.

End of the road for ABS-CBN family – Francis Lim

Two lawmakers inhibited while one abstained.

The rejection of ABS-CBN’s franchise bidn has dealt a big blow not only to the Lopez family but the media giant ‘s 11,000 employees as well.

The TWG is composed of Camiguin Rep. XJ Romualdo, Cebu City Rep. Pablo Garcia, and Marikina Rep. Stella Quimbo.

Quimbo dissented but was outvoted.

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