Section 1Sec./Art. 1

Section 1 of Republic Act No. 8169 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 GV Broadcasting System, Inc., hereinafter referred to as the grantee, its successors or assigns, a franchise to construct, install, establish, operate and maintain for commercial purposes and in the public interest, radio and television broadcasting stations throughout the Philippines, and such other systems, facilities or structures for the origination, reception, processing, transmission, broadcast, rebroadcast or distribution of audio, video, information, and other electronic signals, for the provision of services such as direct to home/user broadcast via satellite, pay television, multimedia, local multipoint distribution systems and value-added services and other similar services, through electromagnetic waves, fiber optics, satellites and whatever means now available or which in the future may be developed, with the corresponding technical auxiliaries or facilities, relay stations, transmit and receive satellite systems, content production and distribution facilities and other systems as are essential or convenient to carry out the purposes of this franchise."