Carlo Katigbak: ‘Nothing Can Take Away Our Spirit of Service’
ABS-CBN is going to uphold its commitment to serving the Filipino people, despite losing its franchise to broadcast. This was the promise of Carlo Katigbak, president and CEO of ABS-CBN Corporation, during the virtual stockholders meeting on September 24.
“Now more than ever, we can focus on our core capabilities, creating programs to entertain, inspire and give joy for Filipino families, and delivering news that informs, educates, and helps our Kababayan especially in their time of need.”
According to Katigbak, nothing can prevent them from doing so because this is their commitment to the nation.
“Nothing can take away our spirit of service. Our passion to serve Filipinos continues to burn brightly in our hearts and our commitment to the public is to continue to find ways to serve you.”
Katigbak also elaborated on how ABS-CBN continues to reach out to audiences through cable and their various platforms on the internet such as YouTube and Facebook.
“Rebuilding our beloved company”
At the moment, ABS-CBN is laying the groundwork for the ways it serves its audiences in a limited capacity.
Included in this plan is how the network will support the 5,000 workers who were laid off after its shutdown.
Those who are allowed to stay also agreed to salary deductions so they can help the network survive.
Among the plans laid out by Katigbak is the merger of iWantTV and TFC streaming services, which is now called iWantTFC. The move is part of the company’s cost-cutting measures.
“Thank you to those who are leaving ABS-CBN for the years you have given to the company and for the service you have given to our audience,” said Katigbak.
"Thank you to those who are staying behind, believing in our future and for enduring our sacrifice in order to continue serving the public.”
Katigbak is hopeful ABS-CBN will eventually get back on its feet.
"It will be a difficult journey until that time but our history has shown that ABS-CBN's burning passion for service to the Filipino cannot be extinguished.
“We hope to share this passion with us and count on your continued presence on the road to rebuilding our beloved company.”
ABS-CBN lost revenues worth P3.94 billion after Congress refused to renew its franchise, resulting in the network’s shutdown.