Dispersal of Ownership.
Section 13
SEC. 13. Dispersal of Ownership. - In accordance with the constitutional provisions to encourage public participation in public utilities, the grantee shall offer at least thirty percentum (30%) of its outstanding capital stock or a higher percentage that may hereafter be provided by law in any securities exchange in the Philippines within five (5) years from the time it has achieved the status of the national broadcasting network. A "national broadcasting network" is hereby defined as one that operates three or more radio and/or television stations. Non-compliance therewith shall render the franchise ipso facto revoked.