C02580-2017

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Apr 28, 2017

2. SEC Identification Number

1803

3. BIR Tax Identification No.

000406761000

4. Exact name of issuer as specified in its charter

ABS-CBN Corporation

5. Province, country or other jurisdiction of incorporation

Metro Manila

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

ABS-CBN Broadcast Center, Sgt. Esguerra Avenue corner Mother Ignacia Street, Quezon City, Philippines Postal Code 1103

8. Issuer's telephone number, including area code

(632) 415-2272

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares Issued and Outstanding	850,801,081
Fixed Rate Bonds	6,000,000,000

11. Indicate the item numbers reported herein

-

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

ABS-CBN CorporationABS

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification of News Report

Source	BusinessWorld Online
Subject of News Report	“Duterte nixes ABS-CBN franchise renewal”
Date of Publication	Apr 28, 2017

Clarification of News Report

We write in reply to the Exchange’s request for confirmation on the news article entitled “Duterte nixes ABS-CBN franchise renewal” posted in BusinessWorld Online on April 28, 2017. The article reported in part that:

“PRESIDENT Rodrigo R. Duterte on Thursday said he will block the renewal of the franchise of media and entertainment giant ABS-CBN Corp. for allegedly swindling him.

In a media briefing at Malacañang on Thursday, Mr. Duterte accused the network of failing to air his political advertisements during the election campaign last year, even though these were already paid for.

‘Akala mo itong ABS ang franchise will be due pero di na kailangan ng extension because it has been there for about 25 years. Sabi ng batas OK na only if you adhere to journalistic [standards]. Pero ang ginagawa ninyo sa amin -- estafa, swindling, not only me but Chiz Escudero,’ he said, referring to vice-presidential candidate and Senator Francis G. Escudero.

‘So I will file a complaint. Congress, no need to renew it,’ Mr. Duterte said. ‘If you operate, ABS-CBN, tapos manloloko lang kayo ng tao, mag-swindling kayo, I have to stop you.’

ABS-CBN’s franchise expires in 2020. House Bill no. 4349, which proposes to extend the media giant’s franchise by another 25 years, was filed last Nov. 10, 2016 and is currently pending before the House Committee on Legislative Franchises.

. . . .”

We cannot confirm or comment on the article since we have no other information on President Duterte’s statement other than what was reported in the news by the press.

Other Relevant Information

NA

Filed on behalf by:

Name	Ricardo Tan, Jr.
Designation	Corporate Treasurer, Corporate Information Officer and Compliance Head