ABS-CBN board backs Katigbak, affirms recovery plan amid Lopez feud

MANILA, Philippines — ABS-CBN’s board of directors and advisers have shown support for CEO Carlo Katigbak, expressing confidence in management’s plan to restore the company’s profitability. In a statement on Friday, the media giant’s board said it believes in ABS-CBN’s value as a content provider despite losing its broadcast franchise in 2020. “Notwithstanding the loss