ABS-CBN, TV5 hit pause on business deal
'This pause will give the space for both media organizations to respond to the issues, and accommodate any relevant changes to the terms,' ABS-CBN and TV5 say
www.rappler.com
Some of this is due to current regulatory reasons. However ABS-CBN was previously known for being shut down over a network license by the Duterte Administration and congressional allies of the previous administration over political reasons.
Philippine Congress Officially Shuts Down Leading Broadcaster (Published 2020)
By voting not to renew the franchise of ABS-CBN, lawmakers silenced a major network that had come under fire from President Rodrigo Duterte.