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More  newspapers , more  reporters  and  columnists , also more  outrageous reportage and commentary . Filipinos had serious doubts about the  credibility and social responsibility of the press . There is  intense competition  in the newspaper publishing industry that editors and publishers attempt to sell their papers by peddling or selling gossip, rumor and speculation as fact. In order to sell, publishers and journalists feel that they must continually  satisfy the hunger of people for crisis journalism . Businessmen have entered the publishing industry for the  power and influence . The concentration of media ownership is in the  hands of a few families who have substantial holdings in commerce, industry and banking.
The Chronicle Eugenio Lopez  - reacquired an electric monopoly, runs a bank and a slew of other companies and operates on television station and several radio stations. The Globe Ramos Family  - mining and oil- drilling companies and bookstore chains. Manila Times John Gokongwei  – food conglomerate and a chain of shopping malls. Manila Standard Elizaldes   – at least a dozen companies manufacturing a whole range of goods. The Bulletin Emilio Yap - Banker and shipping magnate
Regression toward pre- martial law ownership patterns. Culture of corruption in media. Problems arose such as bankruptcy. Many newspapers were struggling to survive because of huge losses.  Fewer than 2 million out of 61 million Filipinos buy a newspaper. Proliferation of daily press opened the profession to invasion of pseudo- journalists, resulting in widespread malpractice. The tabloids account for half (one million copies) of the total circulation.

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Media During The Aquino Administration

  • 1.  
  • 2. More newspapers , more reporters and columnists , also more outrageous reportage and commentary . Filipinos had serious doubts about the credibility and social responsibility of the press . There is intense competition in the newspaper publishing industry that editors and publishers attempt to sell their papers by peddling or selling gossip, rumor and speculation as fact. In order to sell, publishers and journalists feel that they must continually satisfy the hunger of people for crisis journalism . Businessmen have entered the publishing industry for the power and influence . The concentration of media ownership is in the hands of a few families who have substantial holdings in commerce, industry and banking.
  • 3. The Chronicle Eugenio Lopez - reacquired an electric monopoly, runs a bank and a slew of other companies and operates on television station and several radio stations. The Globe Ramos Family - mining and oil- drilling companies and bookstore chains. Manila Times John Gokongwei – food conglomerate and a chain of shopping malls. Manila Standard Elizaldes – at least a dozen companies manufacturing a whole range of goods. The Bulletin Emilio Yap - Banker and shipping magnate
  • 4. Regression toward pre- martial law ownership patterns. Culture of corruption in media. Problems arose such as bankruptcy. Many newspapers were struggling to survive because of huge losses. Fewer than 2 million out of 61 million Filipinos buy a newspaper. Proliferation of daily press opened the profession to invasion of pseudo- journalists, resulting in widespread malpractice. The tabloids account for half (one million copies) of the total circulation.