Franchise woes loom over ABS-CBN shares

By Faye Almazan

May 25, 2020 12:02 am

Uncertainties over its legislative franchise slumped ABS-CBN Corp.’s shares as it resumed trading last week, shedding over 10 percent from its last price prior to the trading suspension.

This photo shows the broadcast satellite dishes and tower of ABS-CBN in Quezon City. PHOTO FROM WIKIMEDIA COMMONS

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