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A family affair; MVP an exception

Businessman Manuel V. Pangilinan is in three of the country’s top media outfits: Philippine Star, TV5, and Philippine Daily Inquirer.

He is a rarity, those talked about as the power behind companies who help shape the future of the country because none of his family members is known to be involved in his business companies. A number of media companies in the country are family-owned. Which is not surprising. 

A 2017 survey by Credit Suisse Research Institute showed family-owned businesses dominate the Philippine landscape, ranking 11th globally in the high number of family-run companies. 

Oftentimes, it is intergenerational. The current managers of ABS-CBN are grandchildren of sugar and shipping magnate Eugenio Lopez, Sr.  

At the Philippine Star, Miguel Belmonte is CEO, Kevin, who is managing the broadsheet’s online website, and Isaac, who used to head the editorial board, are sons of one of the founders, Betty Go-Belmonte.

The Manila Broadcasting Company, which runs DZRH, is being managed by grandchildren of the Elizalde brothers —Joaquin Miguel, Manuel, and Federico— all descendants of Spanish businessman Joaquin Marcelino Elizalde.

The mother-daughter team of Marixi Rufino-Prieto and Sandy Prieto-Romualdez are running the Philippine Daily Inquirer (PDI), which also counts three Prietos in its board: Bryan Christopher Prieto, Paolo Romeo R. Prieto, and Javier Vicente D. Rufino.

Among Filipinos, involving children, grandchildren and relatives in the family business is a common practice, and is actually a culture.

Photo Courtesies

Photo Courtesies

Photo of Alfredo “Atom” L. Henares, Alfredo “Atom” L. Henares Instargam account, account Accessed on 25 February 2024
Photo of Apollo Quiboloy with former commissioner Allen Capuyan (2022), National Commission on Indigenous Peoples official Facebook page Accessed on 25 February 2024
Photo of CIBAC Party-List Rep. Eddie Villanueva (2024),CIBAC Party-List official Facebook page Accessed on 25 February 2024
Photo of Elmer and Yelcy Catulpos (2023), Elmer V. Catulpos official Facebook pag Accessed on 25 February 2024
Birthday greeting for Eric S. Canoy (2023), RMN Foundation, Inc. official LinkedIn account Accessed on 25 February 2024
Mata at Boses ng Pagbabago (Photos of Gil C. Cabacungan, Jr. and Renato M. Marfil), Abante official website Accessed on 25 February 2024
Simplicity, sincerity and surprises at The Times patriarch's birthday (Photo of Dante Arevalo Ang (2022), The Manila Times official website Accessed on 25 February 2024
Times head named to Clark firm's board (Photo of Dante “Klink” Ang) (2023), The Manila Times official website Accessed on 25 February 2024
Photo of Iglesia Ni Cristo Central Temple (Commonwealth Avenue, Quezon City) by Patrick Roque (2018), Wikipedia.org official website Accessed on 25 February 2024
Photo of Luis Miguel V. Castillo, Far East Broadcasting Company Accessed on 25 February 2024
BENS-CMR Reception (Photo of Manuel “Manny” V. Pangilinan) (2023), United States Embassy in the Philippines official Flickr account, Accessed on 25 February 2024
Calida blocks Maria Ressa's travel for Nobel Prize: She's a 'flight risk' (Photo of Maria Ressa) (2021), Rappler.com official website Accessed on 25 February 2024
Photo of Maria Farah Z.G. Nicolas-Suchianco, GSE Law official website Accessed on 25 February 2024
Seal of the Office of the President of the Philippines (2023), Office of the President official Facebook page Accessed on 25 February 2024
The 2018 Men of Influence champion the fight against cancer (2018), Philstar.com official website (Photo of Kevin Belmonte) Accessed on 25 February 2024
Photo of Jaime Miguel G. Belmonte, GT Capital official website Accessed on 25 February 2024
Photo of Miguel Marco A. Bitanga, Philippine Telegraph and Telephone Corporation (PT&T) official website, Accessed on 25 February 2024
Photo of the Manila Cathedral, Manila Cathedral official website Accessed on 25 February 2024
A New Era: Gozon announces Duavit as GMA’s new CEO in 2024 (Photos of Gilberto Duavit, Jr. and Joel Marcelo G. Jimenez) (2023), GMA News Online official website, Accessed on 25 February 2024
Photo of Fred Elizalde, MBC Media Group official website Accessed on 25 February 2024
Photo of Gina G. Atienza (2022), SunStar Cebu official Facebook page Accessed on 25 February 2024
GMA Chairman and CEO Atty. Felipe L. Gozon marks 84th birthday in the company of family and friends (Photo of Gozon and daughter Anna Teresa “Annette” Gozon-Valdes) (2023), GMA News Online official website, Accessed on 25 February 2024
LOOK: Two of the mother-and-child partnerships at the ongoing Sta. Elena Cup member-guest at Sta. Elena. (Photo of Sandy and Marixi Rufino-Prieto) (2023), Inquirer Golf official Facebook page Accessed on 25 February 2024
Photo of Martin L. Lopez, ABS-CBN Corporate official website Accessed on 25 February 2024
Photo of Leonida Sison, Leonida Sison LinkedIn account Accessed on 25 February 2024
Benjie and friends—what a party! (Photo of Basilio and Emilio Yap) (2023), Manila Bulletin Online official website Accessed on 25 February 2024

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