Rumors Swirl of ABS-CBN Return Amidst Rivalry With Embattled SMNI Network
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Social media accounts and websites spread rumor that ABS-CBN's broadcast franchise will be renewed in 2024, taking executives' comments out of context. ABS-CBN has denied having plans to reapply.
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Accounts accuse House Speaker Romualdez of orchestrating ABS-CBN comeback to target rival SMNI, which is under probe for franchise issues.
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SMNI previously blamed for role in ABS-CBN franchise non-renewal in 2020, fueling speculation of political ploys.
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Stock price drops and executive optimism about 2024 performance also utilized to hint ABS-CBN return to free TV.
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Posts use hashtag #YesToSMNIShutDown to voice support for ABS-CBN, frame issue as rivalry between networks.