Philippine Journalists Incorporated

Philippine Journalists Incorporated (PJI) was registered in 1972, the year the dictator Ferdinand Marcos imposed martial rule. In 1986, the Presidential Commission on Good Government (PCGG) sequestered all of PJI’s outstanding shares on suspicion that they were owned—ultimately—by Benjamin “Kokoy” Romualdez and were part of the ill-gotten assets acquired during the martial law years. Romualdez is the younger brother of former First Lady Imelda R. Marcos.

In 1991, the Supreme Court (SC) ordered the release of 80 percent of PJI’s shares after the PCGG failed to implead the affected stockholders in the ill-gotten wealth case filed against Romualdez before the Sandiganbayan. (Chua<link>, 1998)

With only 20 percent of PJI’s ownership left to the government, the SC released a temporary restraining order (TRO) in 1993 prohibiting the company from holding a stockholders’ meeting and electing its own board members. In case of vacancy, it is the government—through the Asset Privatization Trust—that names its nominees.

In 2004, the SC ordered the return of the company to Rosario Olivares and seven other individuals associated with Romualdez.

Records from Securities and Exchange Commission (SEC) show that PJI has not filed its General Information Sheets since 1996. It last submitted its  financial statement to the SEC in 2001.

Key facts

Business Form

Private

Legal Form

Corporation

Business Sectors

Publishing

Ownership

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Media Outlets
Facts

Financial Information

Revenue (Financial Data/ Optional)

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Operating Profit (in Mill. $)

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Advertising (in % of total funding)

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Management

Executive Board + Interests Executive Board

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Non-Executive Board + Interests Non-Executive Board

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Supervisory Board + Interests Supervisory Board

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Further Information

Data Unavailable

ownership data is not publicly available, company/channel denies the release of information or does not respond, no public record exists

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Meta Data

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

Chua, Y. (17 August 1998). Legal Tussles Delay Privatization of State-Owned Media. First published in Manila Standard, Diaryo Uno, Malaya, Philippine Star, and Independent Post.

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