This view shows the ABS-CBN network headquarters in Quezon City in the Metro Manila area on May 5, 2020. The Philippines' top broadcaster ABS-CBN on May 5 was ordered off the air over a stalled operating licence renewal, drawing fresh charges that authorities were cracking down on press freedom.MANILA, Philippines — The shares are said to be 8.5% of the network, according to Solar Philippines' press release.
The firm's founder purchased the shares through LL Holdings Inc., which makes it the largest shareholder of the network following the Lopez family.Last month, ABS-CBN Corp. said that the network has widened its net losses by P12.8 billion in 2023 coming from the previous P2.6 billion.
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