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Tempo

Tempo, the English-language daily tabloid of the Manila Bulletin Publishing Corporation, was launched on July 12, 1982. It was conceptualized to “capture news in a flash” with short, simple, but substantial content. Its target market was the B, C, and D crowds to set it apart from the company’s flagship broadsheet, Manila Bulletin.

Tempo’s first editor was Recah Trinidad. In celebrating the daily’s 39th anniversary, staffers recalled how its maiden issue sold out with 80,000 copies, thanks to its banner story about the suicide of a beauty queen that gripped the metro then. Its sports and entertainment sections were major selling points, but the news section cornered readership as it tackled “extraordinary stories of ordinary people.” It was known for its intimate coverage of controversial and trending stories that ran over several weeks.

Majority of its articles are written in English, but Tempo also came out with columns and showbiz stories in Filipino to further pull in readers.

With consumption of print media on the decline especially after the pandemic, Tempo has managed to remain visible in physical form for P10 a copy, but a digital copy is accessible through PressReader, or by downloading the official application of its sister broadsheet Manila Bulletin. Readers also have the option to read, for free, an online version via its official website (tempo.com.ph).

Key facts

Audience Share

0.68%

Ownership Type

Private

Geographic Coverage

National

Content Type

Paid content

Data Publicly Available

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

2 ♥

Media Companies / Groups

Manila Bulletin Publishing Corporation

Ownership

Ownership Structure

Tempo is owned by the Manila Bulletin Publishing Corporation. As of September 2023, the top three shareholders of Manila Bulletin Publishing Corporation are the U.S Automotive Co., Inc (54.20%), USAUTOCO Inc. (23.34%) and the Menzi Trust Fund, Inc. (8.42%).

Voting Rights

Every stockholder entitled to vote shall be entitled to one vote for each share of stock. Stockholders are also given the option to vote via online (in absentia) or through their duly authorized attorney or a proxy.

Individual Owner

Group / Individual Owner

Menzi Trust Fund, Inc.

Menzi Trust Fund, Inc. is a trust company that oversees the assets and investments of the late Manila Bulletin publisher/owner Hans Menzi and its Foundation. According to its general information sheet, the foundation’s primary purpose is to “to promote, carry on, conduct and encourage the advancement and development of education, scientific research and training . . . Scholarships.” It also owns stocks in BDO (00.01%).

8.4%
Media Companies / Groups
Facts

General Information

Founding Year

1982

Affiliated Interests Founder

Missing Data

Affiliated Interests Ceo

Emilio C. Yap III

is the president of Manila Bulletin Publishing Corporation. He is the first grandson of the company’s late former chairman and his namesake Emilio T. Yap and the nephew of the incumbent chairman Basilio C. Yap. He holds various positions in the Yap family’s conglomerate as the vice chairman/president of the Bulletin’s ultimate parent company US Automotive Co., Inc., and its subsidiaries USAUTOCO, Inc., Manila Prince Hotel Corporation, Cocusphil Development Corporation. He also serves as a board director of Centro Escolar University and vice chairman of Philtrust Bank and Manila Hotel.

Affiliated Interests Editor-In-Chief

Emily G. Bugarin

is the editor of Tempo. She became part of the Tempo desk after being promoted as a reporter. No further available information about her work experience.

Affiliated Interests other important people

Herminio B. Coloma, Jr.

currently sits as executive vice president, is a member of the board of directors and is the compliance officer of the Manila Bulletin Publishing Corporation. He has held these multiple positions since 2016, and was also named publisher in May 2021.

The businessman-educator served under three Philippine presidents — Corazon Aquino (1986 - 1992), Joseph Estrada (1998 - 2001), and Benigno Aquino III (2010 - 2016). He held several positions during the first Aquino administration (head of the Presidential Management Staff, deputy executive secretary, and undersecretary for the Departments of Transportation and Agrarian Reform). He was again appointed as transportation undersecretary during the Estrada administration. Coloma later served as communications secretary and presidential spokesperson during the second Aquino presidency.

As an educator, he served as dean for executive education, and program director for development management at the Asian Institute of Management, and as the sixth president of the University of Makati from 1996 to 1999. A member of the Rotary Philippines, Coloma serves as editor-in-chief of the organization’s monthly magazine.

Contact

Manila Bulletin Building, Muralla corner Recoletos Streets., Intramuros, Manila, Philippines

Telephone: 8527-8121

mb.com.ph

 

Financial Information

Revenue (in Mill. $)

Missing Data

Operating Profit (in Mill. $)

Missing Data

Advertising (in % of total funding)

Missing Data

Market Share

Missing Data

Further Information

Meta Data

Audience share is based on Consumer & Media View survey for newspapers under Nielsen’s Philippine Media Landscape Report for Quarter 2 of 2023.

Manila Bulletin Publishing Corporation’s annual report 2022 did not provide a breakdown for operating profit and advertising revenue per each of its newspapers and magazines.

The list of shareholders of the Manila Bulletin Publishing Corporation is obtained from its Nov. 14, 2023 quarterly report submitted to the Philippine Stock Exchange. The shares owned by the Yap family only comprise those owned by its members and companies.

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

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