The Philippine Star
The Philippine Star (self-styled The Philippine STAR) is an English-language newspaper in the Philippines and the flagship brand of the Philstar Media Group. First published on July 28, 1986, by veteran journalists Betty Go-Belmonte, Max Soliven and Art Borjal, it is one of several Philippine newspapers founded after the 1986 People Power Revolution.
Type
Daily newspaper
PhilStar Daily, Inc.
MediaQuest Holdings (51%)
Belmonte family (21%)
Private stock (28%)
Betty Go-Belmonte
Maximo V. Soliven
Art Borjal
Philippine Star Printing Co., Inc.
Miguel G. Belmonte
Ana Marie Pamintuan
Millet M. Mananquil
Doreen G. Yu
Marichu A. Villanueva
Romel A. Lara
Nelson T. Beltran
July 28, 1986
(13,778 issues)
English
The Philippine Star Building, Amvel Business Park, Dr. Arcadio Santos Avenue corner Sucat Road, San Dionisio, Parañaque, Metro Manila[2]
Philippines
BusinessWorld
Pilipino Star Ngayon
Pang-Masa
The Freeman
Banat
Its sister publications include business newspaper BusinessWorld; Cebu-based, English-language broadsheet The Freeman; Filipino-language tabloids Pilipino Star Ngayon and Pang-Masa; Cebuano-language tabloid Banat, online news portals Philstar.com, PhilstarLife.com, Interaksyon (formerly with News5), LatestChika.com, Wheels.PH, PropertyReport.PH, Multiverse.PH and TV/digital production unit Philstar TV.
In March 2014, the newspaper was acquired by MediaQuest Holdings, Inc., a media conglomerate subsidized by the PLDT Beneficial Trust Fund, after the company purchased a majority stake in Philstar Daily, Inc.
The Philippine Star is among the Philippines' most widely circulated newspapers, with an average circulation of 266,000 copies daily, according to the Philippine Yearbook 2013.
Company type
Philstar Media Group
April 2001
Bonifacio Global City, Taguig, Philippines
Ray C. Espinosa (Chairman)
Miguel G. Belmonte (President and CEO)
- BusinessWorld
- The Freeman
- Pilipino Star Ngayon
- Pang-Masa
- Banat
- Interaksyon
- LatestChika.com
- Philstar Life
- Wheels.ph
Philstar TV
BusinessWorld Publishing Corporation (majority stake)
Philstar Daily, Inc.
Philstar Global Corporation
Pilipino Star Ngayon, Inc.
Acquisition by MediaQuest Holdings[edit]
As early 2009, businessman and PLDT chairman Manuel V. Pangilinan had expressed his interest in acquiring a stake in The Philippine Star in a bid to dominate the multimedia industry. The following year, Pangilinan's MediaQuest Holdings, Inc., the media conglomerate of PLDT, acquired a 20-percent stake in the newspaper, as well as an 18-percent stake in its rival Philippine Daily Inquirer. In 2014, MediaQuest finally took control of The Philippine Star after it acquired a majority stake of 51 percent in the newspaper. The Belmonte family retained a 21-percent stake, as well as management and editorial control. MediaQuest chairman Pangilinan has since appointed lawyer Ray Espinosa as chairman of the newspaper's board of directors.[9]
The Philippine Star acquired the 76.67-percent stake of Hastings Holdings, Inc. in its sister broadsheet BusinessWorld in 2015. The transaction was done to enhance to its market leadership and to strengthen BusinessWorld's position in the newspaper business.[10]