Section 1Sec./Art. 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 Masawa Broadcasting Corporation, hereunder 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/or television broadcasting stations in the Philippines, where frequencies and/or channels are still available for radio and/or television broadcasting, with the corresponding technological auxiliaries of facilities, special broadcast and other programs and distribution services and relay stations.