TV5 Network recently denied a report that the Kapatid network would be so-called a landing spot of the ABS-CBN Network should the latter’s franchise renewal not be granted next year.
Citing a source close to ABS-CBN, the report said the Lopezes were either looking at TV5 as a three-year rental or a buy-out of MediaQuest Holdings Inc.
But MediaQuest said they are not in any talks with ABS-CBN for the carriage or broadcast of any of its programs upon the possible expiring of its franchise.
MediaQuest owns and operates TV5 and Nation Broadcasting Corporation (NBC), as well as pay TV provider and regional radio network Cignal TV.
According to MediaQuest president Ray Espinosa, MediaQuest and TV5 are not for sale.
Espinosa also said that TV5 and all its affiliates had developed what he described as “holistic content and programming strategy.”
He noted that this will allow Kapatid network to carry relevant entertainment, sports, news, and other content produced or aggregated by Cignal, which is seen to enhance TV5’s grid starting 2020.
ABS-CBN’s franchise is set to expire in March 2020.
The network would have to shut down its operations if the bill seeking to renew its franchise is not signed into law soon.
President Rodrigo Duterte has been issuing threats not to renew the franchise of ABS-CBN following accusations that the network did not air his political advertisements during the 2016 presidential campaign.
