Section 1Sec./Art. 1

Section 1 of Republic Act No. 7163 is hereby amended to read as follows:

"Section 1. Nature and Scope of Franchise. - Subject to the provisions of the Constitution and applicable laws, rules and regulations, there is hereby granted to the Progressive Broadcasting Corporation, hereunder referred to as the grantee, its successors or assigns, the franchise to construct, install, operate and maintain, for commercial purposes and in the public interest, radio broadcasting stations and television stations throughout the Philippines with the corresponding technological auxiliaries or facilities for special broadcast and other program and distribution services and relay stations and to install radio communication facilities for the grantee's private use in its broadcast services."