News Release

From the Presidential Spokesperson – On the latest development on Rappler

Omidyar Network’s reported donation of its Philippine Depositary Receipts (PDRs) to its Filipino managers does not remove the fact that Rappler breached the Constitution.

This latest act is nothing but a circumvention of the law, which restricts ownership of media entities in the country to 100 percent Filipino-owned.

Rappler’s defense of infringement of press freedom is merely a ploy to distract from the real issue, as resolved by the Securities and Exchange Commission (SEC) that the former is a foreign entity.