Radio Veritas Global Broadcasting System, Inc.
Radio Veritas Global Broadcasting System, Inc. operates DZRV 846 (Radyo Veritas), the 24-hour Catholic AM radio station. Its programs are centered on spreading the values of the Roman Catholic Church.
While the station was originally run by the Archdiocese of Manila, Radio Veritas, the media company, was eventually tapped in 1991 to handle the commercial operations of the radio station in the Philippines and marked its separation from Radio Veritas Asia, which handles the Asia-wide broadcast service for the Catholic church.
It was due to financial problems that led to the termination of several of the station’s members that led to Radio Veritas Global Broadcasting System taking over the operations of DZRV 846.
The company runs its station under a strict policy against accepting advertisers with products and services, such as condoms and gambling, that go against the Catholic teachings.
On May 1, 1991, the Radio Veritas Global Broadcasting System, Inc. relaunched the station as ZNN Veritas to compete with top radio stations. It also aired secular programs and hired big names in the broadcast industry such as Rey Langit, Louie Beltran and Dong Puno. It, however, reverted to its old name DZRV six years later in 1997.
Under a new management, Radio Veritas was again relaunched in 2008 with a new logo and rebuffed its religious programming “for the benefit of the Catholic faithful.” The station has veered away from competing against secular radio stations. It is now focusing on targeting Catholics through its religious programs, such as novenas, the rosary, and discussions on faith-related issues.
Radyo Veritas has an audience share of 5.68% among all AM radio stations in Mega Manila. It airs regular news concerning the general public, as well as updates about the Catholic church and its affiliated organizations. It also produces talk and religious programs.
Mother Company
Roman Catholic Archdiocese of Manila
Business Form
Private
Legal Form
Stock Corporation
Business Sectors
Missing Data
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 a luxury subdivision in Makati City. No further available information about him as the only non-Filipino stockholder of Radio Veritas.
Antonio “Tonyboy” 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 the 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.
Other Radio Outlets
DZRV 846 (Radio Veritas)
Other Online Outlets
Veritasph.net
Media Business
Missing Data
Business
Missing Data
General Information
Founding Year
1987
Affiliated Interests Founder
the late archbishop of Manila is credited for founding Radio Veritas Asia, the first Asia-wide continental radio station by the Catholics. He looked for funders which included the Vatican, the German government and bishops to set up the station. He is known as the first Filipino cardinal appointed by the Vatican.
Under his leadership from 1953 to 1974, the Roman Catholic Archdiocese of Manila (RCAM) helped re-establish the Philippine Trust Company (Philtrust bank) in 1950. It was only in 1978 that RCAM sold its shares as principal stockholder of Philtrust bank to the late Manila Bulletin owner Emilio T. Yap.
Employees
29 (as of July 11, 2023)
Contact
Veritas Tower, 162 West Avenue corner EDSA, Brgy. Phil-AM, Quezon City, 1014, Philippines
Telephone: (632) 8925-7931 to 40
veritasph.net
Tax/ ID Number
000-385-079
Financial Information
Revenue (Financial Data/ Optional)
925,386 US$ / 52,595,249 PhP
Operating Profit (in Mill. $)
Missing Data
Advertising (in % of total funding)
Missing Data
Management
Executive Board
is chairman of the board of directors of Radio Veritas Global Broadcasting System, Inc. As the archbishop of the Roman Catholic Archdiocese of Manila since 2021, Advincula is assigned the majority shareholder of the company with 74.615%.
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 P120,703 in 2021 and P189,587 in 2022.
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 including radio broadcasting and casino operations.
Non-Executive Board
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 0.008% of company 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, president and chief executive officer of the Power Sector Assets and Liabilities Management Corporation, and Philippine ambassador to Iraq.
Supervisory Board
Missing Data
Other Influential People
a board member of Radio Veritas Global Broadcasting System, Inc., is the president of Catholic Bishops’ Conference of the Philippines (CBCP).
is the vice president for operations of Radio Veritas Global Broadcasting System, Inc.
is assistant to Radio Veritas Global Broadcasting System, Inc. President Antonio Cecilio T. Pascual.
is the chief strategy officer of Radio Veritas Global Broadcasting System, Inc.
is the treasurer/finance manager of Radio Veritas Global Broadcasting System, Inc.
is the marketing director of Radio Veritas Global Broadcasting System, Inc.
is the human resources and administration manager of Radio Veritas Global Broadcasting System, Inc.
a board member of Radio Veritas Global Broadcasting System, Inc., is the first bishop of the Roman Catholic Diocese of Cubao.
a board member of Radio Veritas Global Broadcasting System, Inc., is the bishop of the Roman Catholic Diocese of Pasig and vice president of CBCP.
a board member of Radio Veritas Global Broadcasting System, Inc., is the bishop of the Roman Catholic Diocese of Parañaque.
Further Information
Meta Data
Figures for the advertising and operating profit are not specifically indicated in the 2022 annual financial statement of Radio Veritas Global Broadcasting System, Inc. Meanwhile, the number of employees is based on the company’s general information sheet as of July 11, 2023.
Conversion rate on Oct. 17, 2023: PhP56.836 per US$1.
