ABS-CBN and TV5 joint venture MANILA, Philippines — The investment deal between media companies ABS-CBN and TV5 is 'not notifiable' and does not need approval from the Philippine Competition Commission (PCC), an official said Wednesday. During a joint House committee hearing, PCC officer-in-charge Johannes Benjamin Bernabe said the transaction between the two media firms did not meet the P50-million threshold set by the Bayanihan 2 law. Thus, the media entities have no obligation to notify the body of the investment deal since the transaction is not notifiable.

https://newsinfo.inquirer.net/1652714/abs-cbn-and-tv5-deal-wont-need-ok-from-ph-competition-commission-exec

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