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Poe wants Senate to probe ABS-CBN franchise issues

Shares of ABS-CBN Corporation slide by more than 7% on Monday as stock trading resumed after an almost two-week suspension due to the government’s shutdown order for the network.

ABS-CBN may be facing yet another battle. While the media giant awaits its franchise renewal, Senate Public Services Committee Chairperson Grace Poe wants an investigation into the tv network’s alleged breach of the terms of its franchise.

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