Repu

HOUSE OF REPRE:
ei jon Hills.

SIXTEENTH C(

HOUSE BILL NC

introduced by Representative

EXPLANATOR

The’ Interactive Broadcast Media Inc (DWW\¥)

wellness programs in the morning, oldi

Oras ng Katotohanan, Sermon & Compe

The aim of this legislative 1

Interactive Broadcast Media, Inc so that

broadcasting of news, public assistance

Immediate passage of this Bill is earn

SENTATIVES
Quezon City

NGRESS

8353

Harlin Cast. Abayon

s public affairs, health &

and religious programs such as

ach, and the daily Angelus at 6pm

the ven by the government to the
€ its service to the nation through their expert
i eligious programs

HARLIN CAST. ABAYON
Representative
First District, Northern Samar



Republic of the P}
JF REPRES

tion Hills.

iilippines
ENTATIVES

Duezon Ci

SIXTEENTH CONGRESS
Lirst Regular Session
HOUSE BILL NO. 3353
tntroduced by Representative|Ilarlin Cast. Abayon
AN AC

RENEWING THE FRANCHISE GRANTED
MEDIA, INC. UNDER REPUBLIC ACT 8:
(25) YEARS FROM THE DATE Oo}

Be it enacted by the Senate and Hi
Philippines in Congress assembled:

O THE INTERACTIVE BROADCAST
10, TO ANOTHER TWENTY-FIVE
APPROVAL OF THIS ACT

use of Representatives of the

Section 1.The franchise granted to the Intgractive Broadcast Media, Inc, under

Republic Act 8210 is hereby renewed to an
date of approval of this Act.

Sec. 2. Subject to the provisions of Sec, 24
Code, as amended, and the provisions off
Provisions, terms and conditions contained i
integral parts of this Act.

Sec. 3. Section 12 & Section 13 of Republi
follows:

ther twenty-five (25) years from the

(c) of the National Internal Revenue
€xecutive Order No. 72, all other
Republic Act 8210 are hereby made

ic Act 8210 are hereby amended as

“SECTION 12. Sale, Lease, Transfer, Usufruct, etc. - [Fhe-grantee-shalt-net
fease;—transfergrant-the-usufruct-of,-sell ign-this franchise-or-the+ights.
Se eee es nder-te-any-f 7 frra company; porat

-ortegal-entity, swith any-othercorperatih tity;
ner poll_the €entrolting—interest-of the: “gf ntee—be-transferred —whetheras—a
whole oF in-parts-and whether simultancou! neously te-any-sueh
person; _ pany—cerperation-or-ent theut_the-prierapprovalof-the
€ongress-ef the Phitippines:| ANY PERSON| OR ENTITY TO WHICH THIS

FRANCHISE IS SOLD, TRANSFERRED, OR A‘
SAME CONDITIONS, TERMS, RESTRICTIONS

SIGNED SHALL BE SUBJECT TO THE
ND LIMITATIONS OF THIS ACT.



Section 13. Dispersal of Ownership. |— In accordance with constitutional
provisions to encourage public Participation in public utilities, the grantee shall
offer at least thirty per centum (30%) of i outstanding capital stock or a higher
percentage that may hereafter be provided by {aw in any securities exchange in

the Philippines. Ewithin-fve-¢5}-years-fr time tt fas achieved the-stat

bread g A + —breadcasting—network ee
defined—as-one—that-operates thre: a dio—and/or—tel tatio
N plianee-th h-shalt render the franchise ipso-facto revoked.”

Sec. 4. In addition to the terms and conditions of the franchise as provided in
Republic Act No. 8210, the Interactive Broadcast Media, Inc. shall submit an
annual report of its operations to the Congrass of the Republic of the Philippines.

Sec. 5. The franchise herein granted shall bd subject to amendment, alteration, or
repeal by the Congress when the common gbod so requires.

Sec. 6. The herein grantee shall comply with and be subject to the provisions of a
general broadcast policy law that may hereafter be enacted

Sec. 7, This Act shall take effect fifteen (15) days after its publication in at least
two (2) newspapers of general circulation.

Approved,