Prage Management Corporation
Before it took over as owner of popular tabloids Abante and Abante Tonite from Amado Macasaet’s Monica Publishing Corporation in 2018, start-up venture Prage Management Corporation already entered into a management contract to run the two papers in 2017.
Registered as a corporation in 2018, Prage’s ownership is equally divided between its founders, Renato M. Marfil and Gil C. Cabacungan, Jr., who were long-time reporters before venturing into newspaper publishing.
In the second quarter of 2023, Nielsen’s Consumer & Media View ranked Abante sixth, and its sister-publication Abante Tonite, ninth, among the Top 10 newspapers, a testament to their longevity in the news industry and popularity among readers.
Under its management, Prage was able to grow its media portfolio, which aside from the two older tabloids, now includes NewsKO. It has also put up several news websites among them Abante TNT, Bilyonaryo, Politiko, Fastbreak, and Abogado. Their media enterprise has extended to operating an online radio station, Radyo Tabloidista, entertainment publication Celeb Radar, and video production through Teletabloidista.
Cabacungan was a senior reporter for the national broadsheet Philippine Daily Inquirer, while Marfil who started as reporter with Abante, then as columnist, served as communications assistant secretary and later undersecretary during the administration of the late president Benigno Aquino III, between 2010 to 2016.
Among its goals is to expand operations not just in the Philippines but around the world “while maintaining a high standard of integrity and quality in journalism” through its online arm, abante.com.ph.
Its success, measured in revenues, is unknown because Prage’s financial documents are not available on the eSearch and SEC Express platforms of the Securities and Exchange Commission.
Business Form
Private
Legal Form
Stock Corporation
Individual Owner
Other Print Outlets
Abante (1.08% audience share, second quarter of 2023)
Abante Tonite (0.54% audience share, second quarter of 2023)
NewsKO
Celebrity Radar
Other Online Outlets
tnt.abante.com.ph
abante.com
bilyonaryo.com
politiko.com.ph
Fastbreak.com.ph
Abogado.com.ph
Radyo Tabloidista
Teletabloidista
General Information
Founding Year
2018
Affiliated Interests Founder
is the chairman and president of Prage Management Corporation. He was a long-time reporter and columnist of Abante, then owned by the family of Amado Macasaet, before working in government as assistant secretary and later undersecretary at the Presidential Communications Operations Office (now called Presidential Communications Office) from 2010 to 2016.
is a former senior reporter and editor at Philippine Daily Inquirer.
heads the human resource department of Prage Management Corporation.
a lawyer, is the treasurer and corporate secretary of Prage management Corporation. He is a partner at Picazo Buyco Tan Fider and Santos law office. Aside from Prage, he also works as the assistant corporate secretary for the real estate developer A Brown Company, Inc.
Employees
110 (as of Sept. 5, 2023)
Contact
Unit 18 Enzo Place, No. 56 12th Avenue Socorro, Quezon City
Cellphone No.: +63-966-7558-458
pragemanagement.com
Tax/ ID Number
008-694-457
Financial Information
Revenue (Financial Data/ Optional)
Missing Data
Operating Profit (in Mill. $)
Missing Data
Advertising (in % of total funding)
Missing Data
Management
Executive Board
is the chairman and president of Prage Management Corporation.
is the treasurer and corporate secretary of Prage management Corporation.
Non-Executive Board
is a former senior reporter and editor at Philippine Daily Inquirer.
heads the human resource department of Prage Management Corporation.
Supervisory Board
Missing Data
Further Information
Meta Data
The founding year of Prage Management Corporation is based on its date of incorporation.
The annual financial statement of Prage Management Corporation is not available on the eSearch and SEC Express platforms of the Securities and Exchange Commission.
