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Media & Entertainment

Philippine TV networks 'pause' deal amid pressure from politicians

Alliance of shuttered ABS-CBN and TV5 faces congressional probe

Former Philippine President Rodrigo Duterte admitted in June that he used his "presidential powers" to block the license renewal of ABS-CBN.    © Reuters

MANILA -- An investment deal that would allow ABS-CBN -- the Philippine TV network that was closed down in 2020 after angering former President Rodrigo Duterte -- to broadcast via a rival channel has stalled amid pressure from politicians.

ABS-CBN early this month agreed to buy a 35% stake in TV5 for 2.16 billion pesos ($38.5 million) in an alliance that would enable the shuttered broadcaster to return to free-to-air TV. ABS-CBN maintains operations on cable TV.

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