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Posts tagged as “Media”

CCN Philippines to shut-down this 31st of January 2024

January 29, 2024

After all the reports, CNN Philippines has confirmed that the network will shutdown its operations on all media platforms this January 31, 2024. The company released their official statement on all their social media accounts as well an official statement published on cnnphilippines.com.

Here’s the full text of CNN Philippines’ official statement;

It is with deep regret that the management of Nine Media Corporation (NMC) announces the discontinuation of its news and production operations on all media platforms, branded as CNN Philippines (CNNPH), effective 31 January 2024. The decision follows significant financial losses sustained over the past years, despite rigorous efforts to adapt and innovate in a rapidly evolving and challenging media landscape.

We are aware of the impact of this closure on our valued employees and talents, we assure all affected staff will be provided with severance packages.

We express our deepest appreciation to our dedicated team for their unwavering commitment over the years that has elevated CNNPH as a trusted source of news and information in the Philippines.

With the conclusion of CNNPH’s operations, we would like to extend our profound gratitude to our partner, CNN Worldwide/Turner Broadcasting Corporation for their support and understanding.

To our loyal viewers, thank you for giving us purpose. We are honored to have served you.

Again, we would like to extend our heartfelt appreciation and gratitude to our employees, partners, and stakeholders. Thank you for the trust.

It’s unclear what will happen to its employees and talents, but it will be a big blow to the country’s “the future of journalism in the Philippines”, as well as the news media landscape.

Vice President Leni Robredo launches her own Podcast show

August 25, 2021

Philippines’ Vice President Leni Robredo just launched her own podcast show called The Leni Robredo Podcast.

In a FB post, she describes the show as; “Sa space na ito, relax lang. Kaya halika, makisama sa kuwentuhan with #VPLeni and her special guests.”

The first episode is now available on Spotify with her guest Bianca Gonzalez.

The timing of “The Leni Robredo Podcast” comes at a critical time as VP Leni Robredo decides on her 2022 electoral bid and be the successor to current Philippine President Rodrigo Duterte.

Summit Media will now be a “digital-first”, stops print edition of its magazine

April 17, 2018

Here’s the full text of Summit Media Press release;

With over 20 million unique monthly users visiting its 15 websites and 33 million more fans following its brands on social media platforms, Summit Media is now the Philippines’ leading digital lifestyle network, and one of the top two local digital media companies in the country. Its expertise in creating data-informed quality content has allowed it to reach digital audiences comprising more than 25% of the country’s Internet population.

This month, Summit Media completes its full digital transformation. The 450-strong company can now be called “digital-first” as it bids farewell to its magazine past, closing the six remaining print editions of Cosmopolitan, Preview, YES!. Top Gear, FHM, and Town & Country. These brands are already thriving online as Cosmo.ph, Preview.ph, Pep.ph (for YES!), Topgear.com.ph, FHM.com.ph, and Townandcountry.ph.

Summit Media president Lisa Gokongwei-Cheng said in an official statement: “As we embark on our new journey towards a wholly digital future, we look back at the values that made us successful, and one thing that stands out is our respect for our audiences. Our brands, each with its own strong voice and well-defined identity, have resonated with our audiences because they stand for something, which is why for 23 years, Summit published the most successful and well-loved magazines in the country’s history.

Today, we embrace the way our highly connected audiences now prefer to consume content. As we follow them from print to digital, we will continue our relentless pursuit and delivery of quality, up-to-the minute content and a dynamic and engaging editorial experience—this time, aided by data, which now pervades and informs many of our editorial decisions.

Being highly data-informed arms us with an even better understanding of our audiences, enabling us to create more stories that appeal to their minds and passions, and empowering us to help our advertisers craft effective messages relevant to their audiences. In the past three years, Summit Media has become the leading creator of digital native advertising content in the country, generating more volume than all our competitors combined. On top of this transformation, the company’s other pillars, Outside of Home (OOH) media, book publishing, and content marketing remain robust.

Summit Media was born auspiciously in an era of pulp and ink. We will always owe a debt of gratitude to the medium, to the brilliant teams whose dedication and efforts created magazines that excelled in that landscape, to the generations of loyal readers who not only supported their favorite brands but even imbibed their tenets and values, and to our advertisers, without whose partnership with and belief in us we would not have succeeded. Moving forward and into the future, we are excited as we continue to reinvent ourselves to become an even more compelling destination in a digital era where opportunities abound.”

Rappler release official statement regarding SEC’s revocation of their license

January 16, 2018

via @rapplerdotcom;

Dear Readers and Viewers,

We thought this day would never come, even as we were warned in the first of week of December last year that the Securities and Exchange Commission (SEC) would be handing down a ruling against us.

We have acted in good faith and adhered to the best standards in a fast-evolving business environment, we were confident that the country’s key business regulator would put public interest above other interests that were at play in this case.

The SEC’s kill order revoking Rappler’s license to operate is the first of its kind in history – both for the Commission and for Philippine media.

What this means for you, and for us, is that the Commission is ordering us to close shop, to cease telling you stories, to stop speaking truth to power, and to let go of everything that we have built – and created – with you since 2012. All because they focused on one clause in one of our contracts which we submitted to – and was accepted by – the SEC in 2015.

Now the Commission is accusing us of violating the Constitution, a serious charge considering how, as a company imbued with public interest, we have consistently been transparent and above-board in our practices. Every year since we incorporated in 2012, we have dutifully complied with all SEC regulations and submitted all requirements even at the risk of exposing our corporate data to irresponsible hands with an agenda. Transparency, we believe, is the best proof of good faith and good conduct.

All these seem not to matter as far as the SEC is concerned. In a record investigation time of 5 months and after President Duterte himself blasted Rappler in his second SONA in July 2017, the SEC released thisruling against us. This is pure and simple harassment, the seeming coup de grace to the relentless and malicious attacks against us since 2016.

We intend to not only contest this through all legal processes available to us, but also to fight for our freedom to do journalism and for your right to be heard through an independent platform like Rappler.

We’ve been through a lot together, through good and bad – sharing stories, building communities, inspiring hope, uncovering wrongdoing, battling trolls, exposing the fake. We will continue bringing you the news, holding the powerful to account for their actions and decisions, calling attention to government lapses that further disempower the disadvantaged.

We will hold the line.

The support you’ve shown us all this time, and our commitment to tell you stories without fear, give us hope.

You inspire courage.

You have taught us that when you stand and fight for what is right, there is no dead-end, only obstacles that can only make us stronger.

We ask you to stand with us again at this difficult time. #SupportRappler

SEC suspends Rappler’s license to operate

January 16, 2018

Securities and Exchange Commission (SEC) cancelled the registration of online news organization Rappler for allegedly violating the Foreign Equity Restriction of the Philippine Constitution.

According to Foreign Equity Restriction of the Philippine Constitution, “(t)he ownership and management of mass media shall be limited to citizens of the Philippines, or to corporations, cooperatives or associations, wholly-owned and managed by such citizens.”

SEC cites the funding that it received from Omidyar Network and from Marcus Brauchli’s North Base Media.

You can read SEC’s full decision here.

Since the cancellation of Rappler Incorporated’s license is not yet ‘final and executory’ online news organization will continue to operate.