DZRV 846 (Radio Veritas)
DZRV 846 (Radio Veritas) is the AM radio station of the Roman Catholic Archdiocese of Manila. It is the second faith-based station on the AM band in Mega Manila with a significant audience share.
Nielsen’s Mega Manila Radio Audience Measurement ranked it fifth among all AM stations in Mega Manila, with 5.68% audience share from April to June 2023.
The 24-hour Catholic-run station mostly airs programs centered on spreading the values of the Roman Catholic church. At the same time, it airs regular news of concern to the general public, as well as updates about the Catholic church and its affiliated organizations. It also produces talk shows and religious programs.
Radio Veritas, founded in 1969 as part of the Philippine-based continental radio network Radio Veritas Asia, is controlled by the Catholic church through the Roman Catholic Archbishop of Manila, which owns 74.615% of the Radio Veritas Global Broadcasting System, Inc.
In 1991, it became a stand-alone radio station when it severed ties with Radio Veritas Asia to pursue commercial operations. It also changed its name to DZNN but reverted back to DZRV in 1997.
During the dark days of the martial rule of the late dictator Ferdinand Marcos Sr., whose namesake son is the incumbent Philippine president, Radio Veritas was instrumental in reaching out to the Filipino masses to rise against tyranny.
During the 1986 People Power Revolution that led to the overthrow of Marcos, Sr., Manila Archbishop Jaime Cardinal Sin used the station to call on Filipinos to support military rebels.
Its dedicated coverage “in using truth to depose an oppressive and corrupt regime and restore Filipino faith in the electoral process” was recognized with an award from the prestigious Ramon Magsaysay Foundation.
Amid the surge of COVID-19 cases, the station was among the media outlets whose operations were affected. On April 14, 2021, operations were relocated to Bulacan after its main studio in Quezon City was on lockdown for 15 days after members of the staff got COVID.
Aside from radio, Radio Veritas is available via livestream on YouTube and Facebook. For example, its 30-minute news program Veritas Balita at 5:30 a.m. is simultaneously broadcast online, on cable television including Cignal Cable TV and Sky Cable, and set-top digital boxes ABS CBN TV plus and GMA Affordabox.
However, the station has faced attacks online. Its original website was hacked and defaced in 2012, allegedly because of the Church’s strong opposition to the reproductive health bill, which eventually became a law.
Recently, in January 2023, its YouTube channel was hacked, interrupting the live streaming of its programs.
At present, Radio Veritas is operated by Radio Veritas Global Broadcasting System, Inc., which is under the Roman Catholic Archbishop of Manila. Its main shareholders are Manila Archbishop Jose F. Cardinal Advincula, Jr, by virtue of his appointed position, with 74.615% ownership, Australian Manuel Gonzales with a 13.420% stake, business tycoon Antonio O. Cojuangco with 11.542% shares, and Eric S. Canoy, president of Radio Mindanao Network, Inc. with 0.008% shares.
Audience Share
5.68%
Ownership Type
Private
Geographic Coverage
Local
Content Type
Free content
Media Companies / Groups
Radio Veritas Global Broadcasting System, Inc.
Ownership Structure
DZRV 846 (Radio Veritas) is owned by Radio Veritas Global Broadcasting System, Inc., whose parent organization is the Roman Catholic Archdiocese of Manila with 74.615% ownership.
Voting Rights
Missing Data
Individual Owner
Group / Individual Owner
Manuel Gonzalez
Based on the general information sheet of Radio Veritas Global Broadcasting System, Inc., Manuel Gonzalez is an Australian citizen with an address in the luxury subdivision Dasmariñas Village in Makati City. No further available information about him as the only non-Filipino stockholder of Radio Veritas.
Antonio O. Cojuangco
Antonio “Tonyboy” O. Cojuangco is a former chairman of Radio Veritas, Associated Broadcasting Company (now known as TV5 Network, Inc.) and the PLDT. He is a vice chairman and holds 11.542% of company shares in Radio Veritas Global Broadcasting System, Inc. He has been involved in various businesses such as radio broadcasting and casino operations.
General Information
Founding Year
1969
Affiliated Interests Founder
founded Radio Veritas in 1969. It was established as part of the radio network Radio Veritas Asia that aimed to spread the teachings of the Catholic church in Eastern Asia and Oceania.
Affiliated Interests Ceo
is the president of Radio Veritas Global Broadcasting System, Inc., as well as the executive director of the Manila archdiocese’s lead social service and development ministry, Caritas Manila. He is chairperson of several cooperative and insurance institutions such as Simbayanan ni Maria Multi-Purpose Cooperative, 1 Cooperative Insurance System of the Philippines Life and General Insurance and Metro South Cooperative Bank (MSCB). He also used to regularly write an opinion column for Business Mirror. According to the 2022 annual financial statement of Radio Veritas Global Broadcasting System, Inc., the company has a 360-day time deposit with MSCB. With a fixed interest rate of 1.6%, it earned an interest income amounting to PhP120,703 in 2021 and PhP189,587 in 2022.
Affiliated Interests Editor-In-Chief
is the station manager of Radio Veritas.
Affiliated Interests other important people
is the chairman and president of Radio Mindanao Network, Inc. (RMN) and its parent company EDCanoy Prime Holdings, Inc. He is a board member of the Radio Veritas Global Broadcasting System, Inc. and holds a 0.008% of the company’s shares. According to the 2022 annual financial statement of Radio Veritas Global Broadcasting System, Inc, it entered into an agreement with RMN to co-locate its radio transmitter in Taliptip, Bulacan and to jointly use RMN’s broadcasting facilities and equipment.
a board member of Radio Veritas Global Broadcasting System, Inc., is the chairman of the Philippine Stock Exchange, Inc. and its subsidiary Securities Clearing Corporation of the Philippines. He has held various positions in government including secretary of the Department of Finance and Department of Trade and Industry. He also holds various key positions in other companies such as in the National Grid Corporation of the Philippines (director), Philippine Seven Corporation (chairman), Bank of Commerce (board adviser) and JG Summit Holdings, Inc. (independent director).
a board member of Radio Veritas Global Broadcasting System, Inc., is the president of PLDT-Smart Foundation, which is responsible for the corporate social responsibility projects of the telecommunication giant PLDT and its subsidiary Smart.
a board member of Radio Veritas Global Broadcasting System, Inc., is a director in companies led by businessman Enrique Razon Jr. such as the International Container Terminal Services, Inc. and Prime Infra. He previously served in government as acting secretary of the Department of Energy, and was president and chief executive officer of the Power Sector Assets and Liabilities Management Corporation, and Philippine ambassador to Iraq.
Contact
Veritas Tower, 162 West Avenue corner EDSA, Brgy. Phil-AM, Quezon City, 1014, Philippines
Telephone: (632) 8925-7931 to 40
Website: veritas.ph
Financial Information
Revenue (in Mill. $)
925,386 US$/ 52,595,249 PhP
Operating Profit (in Mill. $)
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Advertising (in % of total funding)
Missing Data
Market Share
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Further Information
Meta Data
Audience share is based on Nielsen’s Mega Manila Radio Audience Measurement from April to June 2023. Mega Manila pertains to Metro Manila and its nearby provinces.
The market share of DZRV 846 cannot be computed due to the difficulties in obtaining the official revenues of all media companies. Its 2022 annual financial statement also does not specifically indicate how much revenues it generated from advertisements.
Conversion rate on Oct. 17, 2023: PhP56.836 per US$1.
Sources
Media Landscape Report for Quarter 2, 2023, available upon purchase from Nielsen Company (US), LLC
