MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Now that the Court of Appeals has all but denied Rappler’s petition to reconsider the Securities and Exchange Commission’s earlier ruling revoking its media license for violation of the Constitution, CEO Maria Ressa now wants to buy the rights to The Adobo Chronicles.
Adobo Chronicles, while registered in the U.S., is 100% Filipino owned.
”My business venture with Rappler is in survival mode, and the only way to keep my business operating is to invest in a 100% Filipino-owned company,” Ressa said.
”Besides, Adobo Chronicles fits well into what Rappler has been all about in the years of its existence : propagating biased, fake, and unbelievable news,” she added,
Ressa is offering $10 Million to buy out the Chronicles.
No word yet from the Adobo Chronicles publisher.