What happened to abs-cbn channel?

ABS-CBN Corporation (ABS) is a media and entertainment company in the Philippines. The Company is primarily involved in television and radio newscasting as well as the executive suite of television, radio programming for domestic and international onlookers and other related corps enterprises.
A message from ABS-CBN President and CEO Carlo L. Katigbak.
The FICTAP president Estrellita Juliano-Tamano statement about the processed act for ABS CBN operational closure. The Federation of International Cable TV Associates of the Philippines (FICTAP) fondled the National Telecommunications Commission's cease and desist order, clashed with the ABS-CBN Corporation and claimed that the broadcasting exterminations, appertaining to cable TV industry in the Philippines. The network's TVplus black box, that offers multiple channels, may drive-out, small and medium cable operators.
In spite of the cease and desist order from National Telecommunications Commission (NTC) for ABS-CBN Corp to stop its program operations, the company's other units and subsidiaries "can continue operating" because they are not legally bound for the congressional franchise.

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