(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.
The Philippines' largest media company has asked the country's top court to halt a government order shutting its television and radio stations.
ABS-CBN Corp. also asked the Supreme Court to set aside the telecommunications commission's May 5 closure order which the network said was issued without due process and violates freedom of speech, its news website said on Twitter.
Often a target of President Rodrigo Duterte's criticism, the broadcaster has said it followed the law. The president will remain neutral on the issue and will let Congress decide on ABS-CBN's permit, his spokesman Harry Roque said.
The shutdown order, issued a day after the broadcaster's franchise expired, covered more than 20 radio stations and over 50 TV stations with some 11,000 employees.
Trading in ABS-CBN's shares has been halted since Wednesday.
©2020 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
