ABS-CBN's P6-Billion Rescue Fund Allocation Under Scrutiny

As ABS-CBN stockholders prepare to meet, questions arise regarding the allocation of the P6-billion rescue money, specifically how much will cover past debts versus future investments.

18 Aug, 07:19 — 18 Aug, 07:19

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RapplerMostly Factual8d ago

Banks, retirees, the business: Where will ABS-CBN’s P6-billion rescue go?

When stockholders of ABS-CBN finally meet on Wednesday, August 19, the question hanging is no longer simply who was willing to rescue it. It is where the rescue money will go, how much will be spent paying for ABS-CBN’s past, and how much will remain to build its future?

By Lala Rimando

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ABS-CBN's P6-Billion Rescue Fund Allocation Under Scrutiny

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Banks, retirees, the business: Where will ABS-CBN’s P6-billion rescue go?

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