metromanila.politics.com.ph

Joy Belmonte, one of ABS-CBN’s top stockholders, wants the network to stay

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Joy Belmonte had every reason to support ABS-CBN’s franchise renewal.

The Quezon City mayor said the network is actually one of the biggest taxpayers there, and is a huge source of jobs among residents.

“Bilang mahalagang kapamilya natin sa paglilingkod sa bayan, kaisa tayo ng ABS-CBN sa kanilang hangarin na maipagpatuloy ang pagsisilbi at pagbibigay ng saya sa mga Pilipino,” the politiko said, adding that the Lopezes have also supported local programs on free education, art shows, and even pro-environment efforts.

Here’s a helpful disclaimer though. Belmonte, along with her dad ex-Speaker Sonny Belmonte, are the 26th biggest shareholders in the network.