Inquirer Releases Official Statement with the Reported Sale of the Company to Ramon S. Ang


One of the country's largest news and media outlet, the Inquirer Group of Companies released an official statement about the reported sale of the company to businessman Ramon S. Ang, top-honcho of San Miguel Corporation.


The Inquirer Group of Companies already announced that the Prieto family's decision to sell its controlling stake in the media conglomerate which will end a quarter-of-a-century stewardship of the country's top newspaper led by its chairperson, Marixi Rufino-Prieto.

During a gathering with the employees of Philippine Daily Inquirer and its sister companies on Monday, the family matriarch, Marixi Rufino-Prieto described the deal as "a strategic business decision that will maximize growth opportunities for the Inquirer Group."


According to Marixi Rufino-Prieto they are confident that Mr. Ramon S. Ang will support their commitment to pursuing the highest standards of journalism.

Marixi Prieto was quoted as saying "His investments and business expertise will boost the Inquirer Group’s value and performance in newspaper publication, internet communications, social media, corporate skills training, radio broadcasting and logistics delivery,” she added.

Here's the Official Statement of Inquirer:


San Miguel Corporation's chief executive Ramon S. Ang said that he had "accepted the offer of the Prieto family" to invest in the Inquirer.

“I am looking forward to be part of this venerable institution and work with the men and women who made it what it is now,” he said in a statement, assuring that the publication “will continue to uphold the highest journalistic standards and make a difference in the society it serves.”

The Inquirer Group became the target of Pres. Rody Duterte's ridicule during the past few months for allegedly operating even with the tax evasion case amounting to P1.5 billion committed by Dunkin' Donuts which was also owned by the Prieto family.

Pres. Duterte also mentioned the controversial ownership of the Prieto Family, with one of the government's alleged property the 3-hectare Creekside / Mile Long Commercial Complex whose lease from government has expired since the year 2009. 

Source: Inquirer.Net / PIA


Inquirer Releases Official Statement with the Reported Sale of the Company to Ramon S. Ang Inquirer Releases Official Statement with the Reported Sale of the Company to Ramon S. Ang Reviewed by Phil Newsome on 7/18/2017 Rating: 5

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