Republic Act No. 7395

: The franchise is granted to the Mabuhay Broadcasting System, Inc.
: The franchise term is twenty-five (25) years from the date of effectivity of the Act.
: The franchise covers the island of Luzon.
: The grantee must secure the appropriate permits and licenses from the National Telecommunications Commission and cannot use any frequency without authorization from the Commission.
: The grantee must provide reasonable public service time for government use, provide sound and balanced programming, promote public participation, assist in public information and education, conform to ethics, and avoid broadcasting obscene or false content.
: The President may temporarily take over in times of rebellion, public peril, calamity, emergency, disaster, or disturbance of peace and order.
: The franchise shall be deemed ipso facto revoked.
: Yes, the grantee must publicly offer at least 30% of its common stocks through the stock exchanges within three years, with no single person or entity allowed to own more than 5% of the stock offerings.
: No, any sale, lease, transfer, or assignment of the franchise or controlling interest requires prior approval from Congress.
: The grantee must pay real estate, building, and personal property taxes as others do, and a franchise tax of 3% of all gross receipts from radio business under the franchise. It is also liable for income taxes according to the National Internal Revenue Code.