Section 1Sec./Art. 1

Nature and Scope of Franchise.

Subject to the provisions of the Philippine Constitution and applicable laws, rules and regulations, the franchise granted to Filipinas Broadcasting Association, Inc., presently known as Word Broadcasting Corporation, hereunder referred to as the grantee, its successors or assignees under Republic Act No. 7485, entitled " An Act Granting Filipinas Broadcasting Association, Inc. a Franchise to Construct, Operate and Maintain for Commercial Purposes Radio Broadcasting and Television Stations in the Visayas and Mindanao and for Other Purposes", to construct, install, establish, operate, and maintain for commercial purposes and in the public interest, radio and/or television broadcasting stations in the Visayas and Mindanao, including digital television system, through microwave, satellite, terrestrial or whatever means, as well as the use of any new technology in television and radio systems, with corresponding auxiliaries or facilities, special broadcast and other programs, and distribution services and relay stations, is hereby renewed for another twenty-five (25) years from the effectivity of this Act.