The SC has junked the petition filed by GMA Network, and its wholly-owned subsidiary Citynet seeking to nullify the blocktime agreement entered into by rival network ABC-5 and Malaysian company MPB, and Primedia due to unfair competition. Know more:
THE Supreme Court has junked the petition filed by GMA Network, and its wholly-owned subsidiary Citynet Network Marketing and Productions Inc. seeking to nullify the blocktime agreement entered into by rival network ABC-5 and Malaysian company Media Prima Berhad , and Primedia due to unfair competition.
The acquisition was reportedly part of the investment strategy of Media Prima Berhad, a Malaysian corporation, to establish a company in the Philippines of which it would be 70 percent owner. The petitioners claimed that the agreement should be declared void under Article 1409 of the Civil Code, not only for violating the limitation in ownership and management of mass media under Article XVI, Section 11 of the Constitution, but also the Anti-Dummy Law.
They added that the summary dismissal of the case is warranted due to petitioners’ violation of the Rules of Court when they pursued the case despite having previously filed a letter-complaint before the NTC. In denying GMA and Citynet’s petition, the SC ruled that it has no jurisdiction over the issues raised in the petition.
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