Ogie Diaz defended ABS-CBN and its partnership with TV5
Talent manager-vlogger Ogie Diaz reacted to the claim of Sagip party-list Rep. Rodante Marcoleta that the partnership between ABS-CBN and TV5 violated the law.
Back in May 2020, the Kapamilya network was given a cease and desist order by the National Telecommunications Commission after Congress denied its franchise renewal. Marcoleta was one of the lawmakers who signed in favor of junking the provision of a franchise for ABS-CBN.
This August, based on the report from Inquirer, ABS-CBN and TV5 had their investment agreement. In this agreement, the Kapamilya network acquired 6.46 million of common shares of the Kapatid network, or 34.99 percent of its total outstanding capital stock. Aside from that, the agreement also includes the P1.84 billion worth of convertible notes that TV5 will issue to ABS-CBN.
However, Marcoleta said that this is unlawful. He said in his privilege speech that this merger between the two networks leaves a bad taste in the mouth. This comment from the party list congressman did not sit well with Ogie Diaz.
The talent manager-vlogger shared on Twitter his thoughts on this issue. “Juice ko po, sir. Sumunod naman, pero ayaw n’yong tanggapin. Ngayong bumili ng shares, me kuda pa din kayo,” Ogie said.
He also stressed that at this moment, the government needs money. Ogie continued his tirade against the lawmaker by asking these questions, “Ikaw ba sasagip ng bansa, ng mawawalan ng trabaho? O ikamamatay mo ‘pag nangyari ‘yung ayaw mo?” The talent manager-vlogger told Marcolet, “Move on ka na po.”
Ogie was one of many celebrities who rallied behind ABS-CBN when it was ordered to shut down. His post about Marcoleto’s claim against the merger received support from his social media followers. Many agreed that the lawmaker is already doing too much as a critic of the network.
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