GMA Network’s 25-year franchise renewed prior to expiry
GMA Network, Inc. clarifies the case of its franchise renewal as it has been cited several times recently in light of the current situation of fellow broadcast network, ABS-CBN.
Formerly known as Republic Broadcasting System, Inc., GMA Network obtained its original 25-year franchise through Republic Act No. 7252 or “An Act Granting the Republic Broadcasting System, Inc. a Franchise to Construct, Install, Operate and Maintain Radio and Television Broadcasting Stations in the Philippines.”
The said act was signed into law on March 20, 1992; became effective on May 12, 1992 – fifteen (15) days after its publication in the Official Gazette on April 27, 1992; and as such, was valid until May 12, 2017.
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