Tulfo expresses support for ABS-CBN-TV5 merger, calls it a ‘dream team’

MANILA, Philippines – Senator Raffy Tulfo expressed his support for the recent partnership between ABS-CBN and TV5.

Senator Raffy Tulfo called the ABS-CBN- TV5 merger as a "dream team"
Senator Raffy Tulfo called the ABS-CBN- TV5 merger as a "dream team" | Photo Courtesy: Facebook/ Sen. Raffy Tulfo

According to the former broadcaster and new senator, he doesn't see anything wrong with the partnership of the 2 media networks for now. Tulfo, however, added he will consult the experts for possible violations.

"Sa ngayon, wala akong nakikita. Pero again, I have to study that. I have to ask questions from experts. Tignan kung mayroong violation. ‘Pag may violation, then it’s a different story. It’s a different ball game," Tulfo told ANC's "Headstart" on Wednesday, August 17.

As someone from the broadcast media industry, Tulfo said he supports the merger if it has no violations.

"Pero kung wala tayong makikitang mali at okay lang 'yung merger ng ABS-CBN at TV5, so let it be. I, for one, will support that and I'm talking based on me being a former broadcaster na alam ko 'yung takbo at kalakaran sa media," Tulfo said.

The senator continued that the partnership is a good venture that will greatly benefit the public.

"The best of 2 worlds joining together at ang end result, dream team. At sino makikinabang dito? The viewing public," Tulfo said.

Earlier, Sagip Party List Rep. Rodante Marcoleta lamented how the merger should be investigated because it "leaves a bad taste in the mouth."

READ: Marcoleta claims TV5 violated franchise with ABS-CBN deal

In the said investment partnership, ABS-CBN acquired 35% or 6,459,393 primary common shares in TV5. After 8 years, the network can acquire more shares for up to 49.92%.

READ: ABS-CBN and TV5 sign landmark partnership deal

Marcoleta said the merger violated the franchise rights of TV5. He hinted that he may go after the PLDT group, the owner of TV5.

The House Committee on Legislative Franchises has set a briefing Thursday on the investment of ABS-CBN Corporation in TV5.

To date, no government agency has sued ABS-CBN in court. Neither has it been convicted for alleged violations of franchise and tax laws.

— Sally, The Summit Express

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