Nature and Scope of Franchise.
Section 1
SECTION 1. Nature and Scope of Franchise. - Subject to the provisions of the Constitution and applicable laws, rules and regulations, the franchise granted to the Bright Star Broadcasting Network Corporation, hereunder referred to as the grantee, its successors or assignees, under Republic Act No. 7295, entitled "An Act Granting the Bright Star Network Corporation a franchise to construct, install, operate and maintain for commercial purposes radio and television broadcasting stations, including digital television system, through microwave, satellite or whatever means, as well as the use of any new technology in television and radio systems, with the corresponding technological auxiliaries and facilities, special broadcast and other program and distribution services and relay stations in the Philippines, is hereby extended for another twenty-five (25) years from the effectivity of this Act.