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Lagman tells ABS-CBN, TV5: Be courageous, seal funding deal as it’s not unlawful

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MANILA, Philippines — Veteran lawmaker and Albay 1st District Rep. Edcel Lagman has urged community corporations ABS-CBN and TV5 to “be courageous and steadfast” in closing their enterprise settlement, saying that no regulation has been violated.

Lagman additionally clarified in a press release on Thursday — a day after ABS-CBN and TV5 determined to delay the closing of their settlement to first reply questions stemming from lawmakers’ queries — that opposite to what was initially reported, there isn’t any merger between the 2 networks.

“(Be) courageous and steadfast in closing their enterprise settlement which is aboveboard and violates no regulation or regulation,” Lagman advised the 2 corporations.

“There isn’t a merger of A…

Carry on studying: Lagman tells ABS-CBN, TV5: Be courageous, seal funding deal as it’s not unlawful

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