Manila — The Philippine government ordered the country's largest broadcast network, ABS-CBN, to stop broadcasting immediately on Tuesday after its license expired. The network, which employs ...

After Congress shut down broadcast giant ABS-CBN in 2020, several House lawmakers have filed bills seeking to restore its franchise. A recent noncommissioned survey found that only around 10% of ...

ABS-CBN decreased its net loss by more than half to P6.1 billion in 2024, from P12.8 billion in 2023, driven largely by the 14-percent growth in its direct-to-consumer revenues.

ABS-CBN shares sank nearly 12% to a one-month low upon resumption of trading after a one-hour halt on Thursday. The broader stock index (.PSI) was up 0.19%.

ABS-CBN and its subsidiaries had 11,071 employees before it lost its franchise, and ended 2020 with only 5,932 personnel after closing some broadcast-related business units such as its Regional ...

In its statement, ABS-CBN said the decline in advertising revenues had been hurting its bottom line. Last year, ad revenues rose by 16 percent to P6.7 billion, but it was still way below the P22 ...