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Statement of ABS-CBN president and CEO Carlo Katigbak

July 11, 2020 AT 04:03 PM

We are deeply hurt that the Committee on Legislative Franchises has denied the franchise application of ABS-CBN. We believe that we have been rendering service that is meaningful and valuable to the Filipino public. Nevertheless, we would like to thank the Committee for allowing us a chance to air our side on all the issues raised against us.
ABS-CBN would like to thank all the congressmen who stood by their bills to renew our franchise, or who spoke out on our behalf during the hearings. We are forever grateful.  
We also thank everyone who expressed their support and offered their prayers for us.  We could not have gotten to this point without you.
We remain committed to public service, and we hope to find other ways to achieve our mission.  Together with our employees and our audiences all over the world, we share in your sadness over this setback.  We look forward to the day when we can again reunite under our broadcast.  Mga Kapamilya, thank you for keeping the faith with us.
Kapit lang, muling magliliwanag ang kwento ng bawat Pilipino.