May 15 (Reuters) - ABS CBN Corp ABS.PS :
* UPDATES ON IMPACT OF CEASE & DESIST ORDER DATED MAY 5,
ISSUED BY
NATIONAL TELECOMMUNICATIONS COMMISSION
* ORDER WILL SIGNIFICANTLY IMPACT CO'S MEDIA, NETWORKS, &
STUDIO
ENTERTAINMENTS OPERATIONS
* WILL CONTINUE TO IMPLEMENT COST CONTROL MEASURES, REDUCING
GENERAL ADMINISTRATIVE EXPENSES OR OVERHEAD & RATIONALIZING
CAPITAL EXPENDITURES
* CURRENTLY, EXPECTS TO PAY ALL BANK DEBTS IN ACCORDANCE
WITH
EXISTING PAYMENT SCHEDULE
Source text for Eikon: ID:nPSX1R8w24
Further company coverage: ABS.PS