Lagman tells ABS-CBN, TV5: Be brave, seal investment deal as it is not illegal

MANILA, Philippines --- Veteran lawmaker and Albay 1st District Rep. Edcel Lagman has urged network companies ABS-CBN and TV5 to "be brave and steadfast" in closing their business agreement, saying that no law has been violated. Lagman also clarified in a statement on Thursday -- a day after ABS-CBN and TV5 decided to delay the closing of their agreement to first answer questions stemming from lawmakers' queries -- that contrary to what was initially reported, there is no merger between the two networks. "(Be) brave and steadfast in closing their business agreement which is aboveboard and violates no law or regulation," Lagman told the two companies. "There is no merger of A...

Keep on reading: Lagman tells ABS-CBN, TV5: Be brave, seal investment deal as it is not illegal

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