MANILA, Philippines (Apr. 2026) — Even without its broadcast franchise, ABS-CBN continues to have the full backing of its leadership, with its board expressing confidence in the company’s ability to recover and remain relevant.
In a joint statement, members of the ABS-CBN Board of Directors and Board of Advisors said they remain firm in their belief in the company as an institution and in the value it provides to the public.
They acknowledged the challenges brought by the loss of its franchise but pointed to the company’s strength as a content creator. According to the group, this capability allows ABS-CBN to adapt its business model and move toward profitability again.
The board also voiced support for the current leadership team, led by CEO Carlo Katigbak, saying they are confident in its ability to carry out the company’s recovery strategy.
Beyond business performance, the statement highlighted ABS-CBN’s broader role in society. The board described the company as more than a media organization, calling it an institution that has contributed to Philippine democracy and served the Filipino public for generations.
They emphasized that this mission continues despite the challenges the company has faced in recent years.
The board also reaffirmed its commitment to the people behind the organization, including employees, artists and journalists. It added that the company remains dedicated to serving its audience across platforms.
Signatories to the statement include directors Randolf David, Emmanuel de Dios, Rafael Lopez, Honorio Poblador and Martin Lopez, along with advisors Charo Santos-Concio, Federico Garcia, Salvador Tirona, Antonio Periquet, Cynthia Del Castillo and Cesar Purisima.
Full statement follows.
STATEMENT OF THE ABS-CBN BOARD OF DIRECTORS AND ADVISORS
We, the undersigned members of the ABS-CBN Board of Directors and Board of Advisors, believe in ABS-CBN as an institution and the value it creates for the viewing public.
Notwithstanding the loss of its broadcast franchise, we believe in its qualities as a content-provider, allowing it to pivot its business model and return to profitability. We back the leadership team headed by CEO Carlo Katigbak and are confident in its ability to execute its recovery plan.
ABS-CBN is more than a media company. It is an institution that has served Philippine democracy and the Filipino people for generations — a mission that remains vital and very much alive. We are committed to its employees, its artists and journalists, and the public it continues to serve.
Randolf David, Director
Emmanuel de Dios, Director
Rafael Lopez, Director
Honorio Poblador, Director
Martin Lopez, Director
Charo Santos-Concio, Advisor
Federico Garcia, Advisor
Salvador Tirona, Advisor
Antonio Periquet, Advisor
Cynthia Del Castillo, Advisor
Cesar Purisima, Advisor
