After ABS-CBN’s merger, Marcoleta now sets sight on TV5: Congress must probe deal

MANILA, Philippines — Sagip party-list Rep. Rodante Marcoleta believes Congress, particularly the House of Representatives, must look at the deal between broadcasting giants ABS-CBN and TV5, claiming that such a merger violates laws and the 1987 Constitution.

But during his privilege speech on Monday’s session, Marcoleta — a staunch critic of ABS-CBN — also singled out TV5, implying that it also breaches the Constitution by having links to foreign ownerships.

Marcoleta did not mention who the foreign owner was, but he said TV5, supposedly owned by MediaQuest Holdings, is under the PLDT Beneficial Trust Fund. The lawmaker said the PLDT Beneficial Trust Fund, on the other hand,…

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