SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jun 20, 2024

2. SEC Identification Number

1803

3. BIR Tax Identification No.

00406761000

4. Exact name of issuer as specified in its charter

ABS-CBN CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

ABS-CBN Broadcasting Center, Sgt. Esguerra Ave. cor. Mother Ignacia Street Quezon City Postal Code 1103

8. Issuer's telephone number, including area code

0234152272

9. Former name or former address, if changed since last report

Not Applicable

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	899,848,111

11. Indicate the item numbers reported herein

Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

ABS-CBN CorporationABS

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
CLARIFICATION OF NEWS REPORT

Source	Bilyonaryo.com
Subject of News Report	Kapit lang Kapamilya! Dennis Anthony Uy rekindles interest in Converge’s takeover of ABS-CBN’s Sky Cable
Date of Publication	Jun 18, 2024

Clarification of News Report
We write with respect to PSE’s request for clarification regarding the article posted on June 18, 2024 in bilyonaryo.com entitled “Kapit lang Kapamilya! Dennis Anthony Uy rekindles interest in Converge’s takeover of ABS-CBN’s Sky Cable”. It was reported in part that: “Converge ICT of bilyonaryo Dennis Anthony Uy remains in play for financially troubled Sky Cable, which is currently up for sale by ABS-CBN Broadcasting of the Lopez family. Sources from both camps said discussions between the Converge founder and CEO and ABS-CBN have been renewed in recent weeks. Bilyonaryo.com was the first to report Uy’s interest in rescuing Sky Cable from its financial woes after the Lopez family and PLDT, owned by bilyonaryo Manny V. Pangilinan, mutually agreed to abandon the deal last February. However, two months later, Uy reportedly reconsidered taking over Sky Cable after realizing the extent of the ABS-CBN subsidiary’s financial challenges, leading to a suspension of negotiations with the Lopezes. While no significant agreement has been reached, the ongoing discussions have sparked optimism among both parties that a deal could still be brokered, according to sources familiar with the matter. Babbler said that Uy is interested not just in Sky Cable’s broadband business but also in its cable business, despite the significant decline in its subscriber base leading up to the aborted deal at the last minute. In the recent discussions, Uy has reportedly demanded full control of Sky Cable’s debt rehabilitation. . . . . Sky Cable is also grappling with a P4.5 billion debt, nearly half of which is due this year. . . . .” We wish to confirm that as disclosed in the 1st quarter Financial Statement filing last May 15, 2024, Sky Cable Corporation has P4.5Billion peso loan balance, P2.05 Billion of which is due within 1 year. The Company is working on plans to improve Sky’s viability and continuously exploring opportunities to better serve our subscribers, employees, and stakeholders. Should there be any developments related to these plans, the company shall promptly file the required disclosures.
Other Relevant Information
N/A