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Manila Bulletin Publishing Corporation

Manila Bulletin Publishing Corporation

Manila Bulletin Publishing Corporation owns the Manila Bulletin, the second oldest existing newspaper in the country. With its main line of business being newspaper and magazine publishing, the corporation has declared PhP748,361,352 million (around US$850,893) revenue for 2022 that largely came from advertising and circulation

Initially, the Manila Bulletin was published by Carson C. Taylor and H.G Farris in 1900 as a shipping journal called “Daily Bulletin.” There have been several iterations of the newspaper’s name until 1986 when it branded itself as Manila Bulletin.

Taylor incorporated the publishing house on June 12, 1912, calling it Bulletin Publishing Company. In 1957, Swiss-Filipino BGen. Hans M. Menzi acquired the publishing company, which was re-incorporated as Bulletin Publishing Corporation on Sept. 12, 1959. Twenty-five years later (1982), businessman-philanthropist Dr. Emilio T. Yap acquired the company from Menzi. Its corporate name was amended to its present title of Manila Bulletin Publishing Corporation in 1989.

A year later (1990), it achieved the feat of becoming the first newspaper company listed in the Philippine Stock Exchange. From 1984, Emilio served as chairman of the board until his death in 2014. His son, Basilio C. Yap, took over as chairman and continues in this capacity to this day.

At least 78.09% of the Manila Bulletin Publishing Corporation is owned by the Yap family through their companies U.S Automotive Co., Inc. with 54.20% and USAUTOCO Inc. 23.34%. Several members of the Yap family, including the Chairman Basilio C. Yap and President Emilio C. Yap III, also own small percentages of shares directly. Meanwhile, the third biggest shareholder is the Menzi Trust Fund, Inc. with 8.42%, which was established to manage the assets and investments left behind by Menzi.

Although the majority of its shares are owned by the members and companies of the Yap family, 21.83% is publicly-owned.

Over the years, Manila Bulletin Publishing Corporation has seen its media portfolio grow with Tempo and Balita, the English and Filipino tabloid, respectively; English-language special interest magazines from agriculture to sports and motoring, lifestyle and travel, and animals, and magazines published in the vernacular.

The vernacular magazines, along with Balita, were added with the company’s acquisition of Liwayway Publishing, Inc. in 2005 for 5 million pesos.

Key facts

Mother Company

U.S. Automotive Co., Inc.

Business Form

Private

Legal Form

Stock Corporation

Ownership

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, it is a foundation with the primary purpose 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 Outlets
Other Media Outlets

Other Print Outlets

Manila Bulletin (3.9%)

Other Online Outlets

Mb.com.ph (11.51%)

Facts

General Information

Founding Year

1900

Affiliated Interests Founder

Carson C. Taylor

was a teacher from Illinois, U.S. He was a soldier under the First Colorado U.S. Volunteers during the Spanish-American war (1898) and the Philippine-American war (1899 to 1902).

Employees

292 (as of May 15, 2023)

Contact

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

Telephone No.: (02) 8527-8121

mb.com.ph

Tax/ ID Number

000-746-558

Financial Information

Revenue (Financial Data/ Optional)

13,167,030.6144 US$ / 748,361,352 PhP (as of 2022)

Operating Profit (in Mill. $)

1,193,609.349,71 US$ / 67,839,981 PhP (as of 2022)

Advertising (in % of total funding)

6,678,932.68351 US$ / 379,603,818 PhP (as of 2022)

Management

Executive Board

Basilio C. Yap

is chairman of the board of directors of Manila Bulletin Publishing Corporation. He is concurrently the chairman of the board of U.S. Automotive Co., Inc., USAUTOCO, Inc. and its subsidiaries Manila Hotel, Manila Prince Hotel Corporation, Centro Escolar University, Manila Hotel Corporation, Philtrust Realty Corporation, Cocusphil Development Corporation and U.N. Properties Development Corporation. The chairman emeritus of the Board of Philtrust Bank, chairman and president of Seabreeze Enterprises, Inc., Vice Chairman of Euro - Med Laboratories Philippines, Inc., and director of MH F&B Ideas, Inc. and TMH Transport Limousine Services, Inc.

Non-Executive Board

Maria Georgina Perez-De Venecia

an independent director at the Manila Bulletin Publishing Corporation since July 2017, was a legislative representative of the Pangasinan 4th district from 2010 to 2016. She is the chairperson of the INA Foundation, Inc., director of Sampaguita Pictures, Inc., and independent director of Philtrust Bank.

Supervisory Board

Missing Data

Further Information

Data Publicly Available

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

2 ♥

Meta Data

Figures for the revenue, operating profit and funding by advertising are from the 2022 annual report of the Manila Bulletin.

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.

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