Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

SECTION 1. Section 1 of Republic Act No. 7163 is hereby amended to read as follows:

"Section 1. Nature and Scope of Franchise. - Subject to the provisions of the Constitution and applicable laws, rules and regulations, there is hereby granted to the Progressive Broadcasting Corporation, hereunder referred to as the grantee, its successors or assigns, the franchise to construct, install, operate and maintain, for commercial purposes and in the public interest, radio broadcasting stations and television stations throughout the Philippines with the corresponding technological auxiliaries or facilities for special broadcast and other program and distribution services and relay stations and to install radio communication facilities for the grantee's private use in its broadcast services."

SEC. 2. Effectivity Clause. - This Act shall take effect fifteen (15) days from the date of its publication in at least two (2) newspapers of general circulation in the Philippines.

Approved,

(Sgd.) EDGARDO J. ANGARA	(Sgd.) JOSE DE VENECIA, JR.
President of the Senate	Speaker of the House of Representatives

This Act which originated in the House of Representative was finally passed by the House of Representatives and Senate on November 15, 1994 and February 14, 1995, respectively.

(Sgd.) EDGARDO E. TUMANGAN	(Sgd.) CAMILO L. SABIO
Secretary of the Senate	Secretary General House of Representatives