Manila Bulletin Publishing Corporation

Manila Bulletin Publishing Corporation

Manila Bulletin Publishing Corporation started as the Manila Daily Bulletin in 1900, with Americans Carson Taylor and H.G. Farris as its staff. It was incorporated in 1912 as Bulletin Publishing Company, and reincorporated in 1959 as Bulletin Publishing Corporation, two years after it was acquired by Brig. Gen. Hans Menzi.

Apart from owning four plantations in Mindanao, Menzi had served as board member on some of the Philippines’ largest corporations and civic organizations.   He also served as military aide of former President Ferdinand Marcos from 1965 to 1972.

In 1961, Chinese-Filipino business tycoon Emilio T. Yap bought shares of the company from Menzi.

When Menzi died in 1984, Yap became chairman of the company. In 1986, however, the Presidential Commission on Good Government (PCGG) issued a writ sequestering the shares of Marcos, Yap, Eduardo M. Cojuangco, Jr. and their nominees and agents in Manila Bulletin on suspicions that they were part of Marcos’ ill-gotten wealth. A year later, PCGG also sequestered the shares of stock, assets, properties, records, and documents of Hans Menzi Holdings and Management, Inc.

In 1989, Bulletin changed its corporate name to Manila Bulletin Publishing Corporation. A year later, Manila Bulletin became a public corporation.

In 2005, Manila Bulletin acquired from Liwayway Publishing, Inc. its Tagalog daily newspaper, Balita, and weekly vernacular magazines, Liwayway, Bisaya, Hiligaynon and Bannawag, including their trade names. Currently, the company has 15 print outlets published daily, weekly, monthly or once every quarter. Every Monday, the paper also publishes the New York Times Section.

U.S. Automotive Company, Inc. is the biggest shareholder of Manila Bulletin, with 54.2 percent ownership. It is followed by USAutoco, Inc., with 23.34 percent ownership. Both companies are owned by the Yap family.

Key facts

Mother Company

U.S. Automotive Company, Incorporated

Business Form

Private

Legal Form

Corporation

Business Sectors

Newspaper publication, media

Ownership

U.S. Automotive Co., Inc.

U.S. Automotive Co., Inc. has Cocusphil Development Corp., Euro-med Laboratories, Manila Bulletin Publishing Corp., Philtrust Realty Corp. and U.N. Properties Development Corp. as its subsidiaries, while Centro Escolar University is an affiliate.

54.4%
Media Outlets
Other Media Outlets

Other Print Outlets

Manila Bulletin (0.80)

Other Online Outlets

mb.com.ph

Facts

Business

Cocusphil Development Corporation

Coming Soon

General Information

Founding Year

1900

Founder

Carson C. Taylor, H.G. Farris

Affiliated Interests Founder

Missing Data

Employees

467

Contact

Manila Bulletin Building, Muralla cor. Recoletos Sts., Intramuros, ManilaTelephone Number: +632-527-8121Fax Number: +632-527-7510

Tax/ ID Number

000-746-558

Financial Information

Revenue (Financial Data/ Optional)

59.89 Mil $ / 2.81 Bil P

Operating Profit (in Mill. $)

2.46 Mil $ / 115.21 Mil P

Advertising (in % of total funding)

31.65 Mil $ / 1.48 Bil P

Management

Executive Board

Basilio C. Yap is the Chairman of the Board of Manila Bulletin Publishing Corporation. He is currently the Chairman of the Board and President of U.S. Automotive Co., Inc., USAUTOCO, Inc., Philtrust Realty Corporation, Manila Prince Hotel, Cocusphil Development Corporation, U.N. Properties Development Corporation and Seebreeze Enterprises, Inc. Also, Mr. Yap is concurrently the Chairman of the Board of Centro Escolar University, Vice Chairman of Philippine Trust Company (Philtrust Bank), Director of Manila Hotel Corporation and Euro - Med Laboratories Philippines, Inc.

Non-Executive Board

Former Supreme Court Chief Justice Hilario G. Davide Jr. is Vice Chairman and Independent Director of Manila Bulletin Publishing Corporation. He is also an Independent Director of the Philippine Trust Company (Philtrust Bank). He is concurrently the Chairman of the Board of Trustees of the Knights of Columbus, Fraternal Association of the Philippines and a member of the Council of Elders of the Knights of Rizal.

Further Information

Headlines

Coming Soon

Active Transparency

company/channel informs proactively and comprehensively about its ownership, data is constantly updated and easily verifiable

4 ♥

Meta Data

Conversion rate on Dec. 31, 2015: P 46.86 .
Audience share based on Nielsen’s National Urban TV Audience Measurement (TV, Jan-August 2016), Nielsen's Consumer and Media View (Print, Jan-August 2016), Audience share from Nielsen's Radio Audience Measurement (Radio, Jan-August 2016), Effective Measurement (2016)

Sources

2016. Securities and Exchange Commission (SEC). General Information Sheet of Manila Bulletin Publishing Corporation. (available upon request at SEC)\

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