Did you know that you can be a shareholder of ABS-CBN?
Yes, however, the recent news article about its franchise renewal probably scared some investors making the stock price fall.
So you might want to take this into consideration before buying.
Their current franchise is set to expire in 2020.
They have, however, issued a statement in response to the said report:
ABS-CBN is unable to clarify or comment on the article as it is neither the source of the said news article nor is it privy to any claims expressed therein.
You may access official statement in detail through the Philippine Stock Exchange Website on this link:
PSE Company Disclosures
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