This is an automatically generated PDF version of the online resource philippines.mom-gmr.org/en/ retrieved on 2024/06/25 at 07:43
Global Media Registry (GMR) & VERA Files - all rights reserved, published under Creative Commons Attribution-NoDerivatives 4.0 International License.
VERA Files LOGO
Global Media Registry

Philstar.com

Philstar.com is the online edition of the broadsheet The Philippine Star. Launched in August 2000, it was initially envisioned to be a portal and repository of the long-running daily.

But since 2009, Philstar.com developed its own editorial team and began producing content independent of the newspaper although it continues to host originally published articles in the broadsheet.

While the online portal and broadsheet share similar logos, they are operated by different companies. The website is owned and operated by Philstar Global Corporation, the digital company under the Philstar Media Group.

Philstar Global Corporation is majority owned by Hasting Holdings, Inc. one of the holding companies under the control of business tycoon Manuel V. Pangilinan, created using money from the PLDT Beneficial Trust Fund (BTF). MediaQuest Holdings, Inc. PLDT’s media arm, is its immediate parent company. The Belmonte family indirectly owns 19% of the online outlet through their company Azurra Prime Ventures, Inc. and through Philstar Daily, Inc.

The website is known for its in-depth explanatory reports and engaging storytelling. Philstar.com was also part of the Philippine Fact-Check Incubator (PFCI) Program of Internews, an international media support non-profit group, to build up the fact-checking capacity of Philippine news organizations by encouraging their participation in global fact-checking efforts.

Based on Nielsen’s Philippine Landscape Report, which measures consumer and media views in the country, philstar.com is the third leading online news website with a national audience reach of 16.41 percent from April to June 2023.

Key facts

Audience Share

13.80%

Ownership Type

Private

Geographic Coverage

International

Content Type

Free content

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Media Companies / Groups

Philstar Media Group

Hastings Holdings, Inc.

MediaQuest Holdings, Inc.

Ownership

Ownership Structure

Philstar.com is operated by Philstar Global Corporation, which is 65% directly owned by Hastings Holdings, Inc., one of the holding companies under the MediaQuest Holdings, Inc. media conglomerate that business mogul Manuel V. Pangilinan created using money from the PLDT Beneficial Trust Fund.
The Belmonte family owns 15% shares of Philstar Global Corp. through their wholly-owned company Azurra Prime Ventures, Inc.

The remaining 20 % are owned by Philstar Daily, Inc. (a subsidiary of Hastings Holdings). 50.9 % of Philstar Daily Inc., in turn, is owned by Hastings Holdings, Inc. whereas 20% belong to members of the Belmonte Family directly. Sara Soliven de Guzman, daughter of co-founder Maximo Soliven, owns 10% and the remaining 15% are registered under Leadway Holdings, Inc. and Majent Mgt. & Dev’t Corporation.

Through the direct shares and those they control through Philstar Daily, Inc., Hastings Holdings controls 75.2% of Philstar.com whereas the Belmonte family holds 19% which makes them the majority owners.

Voting Rights

Missing Data

Media Companies / Groups
Facts

General Information

Founding Year

1996

Affiliated Interests Founder

Kevin Belmonte

is the son of the late Philippine Star founder Betty Go-Belmonte who led his mother’s newspaper into the digital age. The success of the Philippine Star’s online edition can be credited to his business acumen, which he developed during his time with SGV and Co., where he was a partner-in-charge of the revenue enhancement and strategy services practice of the business consulting division.

Affiliated Interests Ceo

Kevin Belmonte

is the president and CEO of Philstar Global Corporation. He is the son of Philippine Star founder Betty Go-Belmonte. His father Feliciano Belmonte, Jr. was a former House Speaker while his sister Joy Belmonte is the incumbent Quezon City mayor.

Aside from his involvement in media, Belmonte is also the Vice Chairman of the boutique real estate company Nuvoland, which developed the Infinity Tower in Bonifacio Global City and Nuvo District in Quezon City. He has also been a director of IP Ventures, Inc., Coal Asia, Casa Europe, Inc., the Nationwide Development Corporation, and People Asia.

Affiliated Interests Editor-In-Chief

Camille Diola

is the chief editor of Philstar.com. Before becoming an editor, Diola worked as a new media officer at the University of Asia and the Pacific. Diola directs content production and innovation at Philstar Global Corporation, the digital arm of the STAR Group of Publications, and heads the editorial operations of Philstar.com.

Affiliated Interests other important people

Kristine Daguno-Bersamina

is the Managing Editor of Philstar Global Corporation. She started a career in journalism as an editor for content marketing of the newsroom in 2015.

Contact

6th Floor, RFM Corporate Center Pioneer St., Mandaluyong City Philippines

Telephone number: +632 8847 0048

Website: www.philstar.com

Financial Information

Revenue (in Mill. $)

1,511,215 US$ / 83,700,113 PhP

Operating Profit (in Mill. $)

Missing Data

Advertising (in % of total funding)

Missing Data

Market Share

Missing Data

  • Project by
    VERA Files
  •  
    Global Media Registry
  • Funded by
    BMZ
  •  
    Logo of Embassy of the Federal Republic of Germany Manila