Category Archives: Media

Rappler Wants Global Media Funding In Philippine Depository Receipts

MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – It already got itself in trouble once, so Rappler is making sure the Securities and Exchange Commission (SEC) as well as the Bureau of Internal Revenue (BIR) don’t go after the online news source again.

Many will recall that SEC earlier revoked Rappler’s media license on the grounds that it violated the Constitutional provision of 100% Filipino ownership of media entities.  CEO Maria Ressa is also facing charges of tax evasion in connection with monies owed the government by Rappler.

Rappler just proudly announced on its site that the global media (read: foreign media) had established a fund-raising campaign to contribute to ‘journalism’ causes such as Ressa’s. 

But Ressa has a big dilemma.  By accepting foreign funding, Rappler faces more scrutiny from SEC and BIR.  She could always argue that the funds will not go directly to Rappler’s  media operations, which is in effect, an admission that her online news source is not a media company — which also means that she no longer can claim that she is being harassed and intimidated by the Philippine government just because she is a journalist.

So what’s there to do?

Well, Ressa has asked foreign media contributors that any funds given to Rappler should be in the form of Philippine Depository Receipts (PDRs).  Ressa has used PDRs to support her claim that investments in Rappler by foreign entities such as Omidyar Network do not violate the Constitutional prohibition on foreign ownership of media.

Is this a case of Rappler trying to have its cake and eat it too?

We’re a satire site (often denied by Rappler), so we’ll let the legal experts as well as the SEC and BIR make that determination.

 

Advertisements

Maria Ressa Sues TIME Magazine For ‘Person Of The Year’ Cover Photo

72543474-0566-40B9-BD3F-10C490E567C5MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Sometimes you bite the hand that feeds you.  At other times, you sue the publication that honors you.

Such is the case with Rappler CEO Maria Ressa who is among TIME’s  2018 “Persons of the Year.”  She is now suing the magazine for using an unimpressive, nay, offensive photo of her on the cover.

Unlike the three other covers, the one that honors Ressa depicts her as the devil — complete with red horns (see photo with our annotation). She accused TIME of spreading a subliminal message that she is evil.

Ressa told The Adobo Chronicles that she suspects the magazine’s graphic artist is a closet DDS (Duterte Die-hard Supporter).

We tried to reach the editors at TIME for comment but they have not responded as of press time.

Senator Leila De Lima Slams Selection Of Maria Ressa As TIME Person Of The Year

BA926A60-13CA-46F0-87D7-596FDDB7EC23.jpegMANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Incarcerated Senator Leila De Lima has slammed the choice of Maria Ressa as TIME magazine’s 2018 Person of the Year.

“Unlike myself, Ressa is free to roam around.  I have been incarcerated for my political views, while the Rappler CEO is being charged for tax evasion. It just makes sense for TIME to honor me instead of Ressa,” De Lima said.

Neither TIME nor Ressa have responded to The Adobo Chronicles request for comment on De Lima’s statement.