Rodante Marcoleta locks target at TV5 after agreement with ABS-CBN finalized

·Contributor
·2 min read
Sagip Party-list Rep. Rodante Marcoleta believes that the House must investigate the deal between TV5 and ABS-CBN. (Photo: House of Representatives/Youtube)
Sagip Party-list Rep. Rodante Marcoleta believes that the House must investigate the deal between TV5 and ABS-CBN. (Photo: House of Representatives/Youtube)

In a privilege speech delivered yesterday (August 15) before the House of Representatives, Sagip Party-list Rep. Rodante Marcoleta said that TV5 inking an agreement with ABS-CBN after it failed to secure a legislative franchise from Congress “left a bad taste in the mouth.”

“To be honest, I think the merger left a bad taste in the mouth. It leaves much to be desired,” Marcoleta said.

He also said that Congress must look into the deal between the two networks, as he believes that TV5 breached the Constitution for having links to foreign ownerships.

Although Marcoleta did not expound as to who the foreign owner was, he said that TV5, allegedly owned by MediaQuest Holdings, is under the PLDT Beneficial Trust fund, which is owned by an Indonesian.

“This particular deal must be looked into, Mr. Speaker, and I think, because of this deal, we have yet to have let the proverbial cat out of the bag Mr. Speaker. Why? MediaQuest, the parent company of TV5, is owned by PLDT Beneficial Trust Fund. And the grapevine Mr. Speaker is so loud that PLDT Beneficial Trust Fund is owned by an Indonesian national,” he said.

Marcoleta also questioned whether ABS-CBN must be allowed to circumnavigate and find ways to return to free TV even though Congress has decided not to give a legislative franchise to the network, and have yet to settle its obligations to the government.

Pupwede ba, Mr. Speaker, na ang isang network na hindi natin binigyan ng lisensya because of these established violations, wala na siyang prangkisa, pwede ba siyang sumakay nang ganun-ganun lang without settling the obligations to the country, to the government?” Marcoleta asked.

He then implored the House leadership to look into the deal as TV5 may have violated its broadcasting franchise.

“Mr. Speaker, somebody said that the only thing necessary for evil to triumph is for good men to do nothing. I humbly seek the good men of this chamber, Mr. Speaker, to unite and rally behind a good cause and do something,” he added.

TV5 and PLDT are linked to Filipino businessman Manny V. Pangilinan, Managing Director and Chief Executive Officer of First Pacific Holdings, a Hong Kong-based investment holding company.

Marvin Joseph Ang is a news and creative writer who follows developments on politics, democracy, and popular culture. He advocates for a free press and national democracy. Follow him on Twitter at @marvs30ang for latest news and updates.

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