Amendment of CBS Franchise and Ownership Rules

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Title Supreme Court: Amendment of CBS Franchise and Ownership Rules

Law: Republic Act No. 9212

Decision Date: Jul 23, 2003

The amendment to Republic Act No. 7582 introduces requirements for the grantee, Consolidated Broadcasting System, Inc., to democratize ownership and make a public offering of at least 30% of its outstanding capital stock, with non-compliance potentially resulting in franchise revocation.

amend

republic act

renewal

END