User:Markarthdweller/sandbox

From Wikipedia, the free encyclopedia
Jump to: navigation, search
BusinessWorld
BusinessWorld frontpage (1987).jpg
Frontpage of BusinessWorld's first issue, July 27, 1987
Type Daily newspaper (excluding weekends)
Format Broadsheet
Owner(s) BusinessWorld Publishing Corporation (30%)
MediaQuest Holdings, Inc. (70%)
Founder(s) Raul L. Locsin
Founded February 27, 1967
Political alignment Independent
Headquarters Quezon City, Metro Manila, Philippines
Website http://www.bworldonline.com/
For the Indian magazine, see Businessworld.

BusinessWorld is a business newspaper in the Philippines. First published in 1967 as Business Day, it is Southeast Asia's first daily business newspaper.

Raul Locsin, then a reporter for the business section of The Manila Chronicle, took out a P5,000 loan to start Business Day, BusinessWorld's forerunner.[1]

Business Day released its debut issue on February 27, 1967. It was the first business daily in Southeast Asia, and it was dedicated to “competent and responsible reporting of the news.”[2]

On March 1, 1971, Business Day published a record of the previous year’s highest-grossing Philippine firms. Eight years later, the Securities and Exchange Commission (SEC)-Business Day’s 1000 Top Corporations in the Philippines was officially launched. This effort laid the foundation for what is now known as BusinessWorld Top 1000 Corporations in the Philippines, an annual magazine that provides readers with corporate financial data.

Although Business Day survived the martial law era [3] — then President Ferdinand Marcos let the paper run because it didn't cover politics, and the move showed that he still allowed a tinge of press freedom in the Philippines4 [4] — it eventually closed on June 5, 1987, due to a labor strike. Some of the employees who did not join the strike quickly regrouped to set up BusinessWorld Publishing Corporation.

The first copy of BusinessWorld was sold on July 27, 1987 [5]. In the same year, BusinessWorld became the first among local dailies to use desktop publishing, and in 1991 it incorporated World Press, Inc., a fully owned printing subsidiary located in Antipolo, Rizal. World Press, which started with a five-unit web offset printing press, already had nine units by 1995. In two years, it was able to own pre-press facilities that allowed for the Color Electronic Pagination System, which made BusinessWorld the country’s first newspaper printed in full color.

BusinessWorld previously had an office in Ortigas, Pasig City. Yet in 1994, the company moved to its current home in New Manila, Quezon City. The building was designed by Mr. Locsin’s cousin, the late National Artist for Architecture Leandro V. Locsin, who also worked on the Philippine Stock Exchange Plaza in Makati City.

When Locsin succumbed to a long-time illness in May 2003, his wife, Leticia Locsin, then the paper’s executive editor and chief operating officer, took over as BusinessWorld’s president, publisher, and chairperson until her death in August 2005. One of their children, Bambi Locsin, headed the paper for a while. But not long after, the job was passed on to Anthony Cuaycong, now BusinessWorld's chief operating officer, who started fresh out of college as a beat reporter for the paper.

In 2004, the Philippine Long Distance Telephone Company (PLDT), led by Manny V. Pangilinan, acquired a minority stake in BusinessWorld through PLDT's Beneficial Trust Fund unit Mediaquest. In September 2013, Mediaquest assumed control of the paper. Hastings Holdings Inc., a subsidiary of Mediaquest, will increase its stake from 30% to 76.67% and infuse P100 million into the company over the next 12 months. Smart Communications, Inc. co-founder and chief wireless advisor Orlando Vea was named acting president.[6]

References[edit]

External links[edit]


Category:National newspapers published in the Philippines Category:Newspapers published in Metro Manila

Request review at WP:AFC[edit]

BusinessWorld
BusinessWorld frontpage (1987).jpg
Frontpage of BusinessWorld's first issue, July 27, 1987
Type Daily newspaper (excluding weekends)
Format Broadsheet
Owner(s) BusinessWorld Publishing Corporation (30%)
MediaQuest Holdings, Inc. (70%)
Founder(s) Raul L. Locsin
Founded February 27, 1967
Political alignment Independent
Headquarters Quezon City, Metro Manila, Philippines
Website http://www.bworldonline.com/
For the Indian magazine, see Businessworld.

BusinessWorld is a business newspaper in the Philippines. First published in 1967 as Business Day, it is Southeast Asia's first daily business newspaper.

Raul Locsin, then a reporter for the business section of The Manila Chronicle, took out a P5,000 loan to start Business Day, BusinessWorld's forerunner.[1]

Business Day released its debut issue on February 27, 1967. It was the first business daily in Southeast Asia, and it was dedicated to “competent and responsible reporting of the news.”[2]

On March 1, 1971, Business Day published a record of the previous year’s highest-grossing Philippine firms. Eight years later, the Securities and Exchange Commission (SEC)-Business Day’s 1000 Top Corporations in the Philippines was officially launched. This effort laid the foundation for what is now known as BusinessWorld Top 1000 Corporations in the Philippines, an annual magazine that provides readers with corporate financial data.

Although Business Day survived the martial law era [3] — then President Ferdinand Marcos let the paper run because it didn't cover politics, and the move showed that he still allowed a tinge of press freedom in the Philippines4 [4] — it eventually closed on June 5, 1987, due to a labor strike. Some of the employees who did not join the strike quickly regrouped to set up BusinessWorld Publishing Corporation.

The first copy of BusinessWorld was sold on July 27, 1987 [5]. In the same year, BusinessWorld became the first among local dailies to use desktop publishing, and in 1991 it incorporated World Press, Inc., a fully owned printing subsidiary located in Antipolo, Rizal. World Press, which started with a five-unit web offset printing press, already had nine units by 1995. In two years, it was able to own pre-press facilities that allowed for the Color Electronic Pagination System, which made BusinessWorld the country’s first newspaper printed in full color.

BusinessWorld previously had an office in Ortigas, Pasig City. Yet in 1994, the company moved to its current home in New Manila, Quezon City. The building was designed by Mr. Locsin’s cousin, the late National Artist for Architecture Leandro V. Locsin, who also worked on the Philippine Stock Exchange Plaza in Makati City.

When Locsin succumbed to a long-time illness in May 2003, his wife, Leticia Locsin, then the paper’s executive editor and chief operating officer, took over as BusinessWorld’s president, publisher, and chairperson until her death in August 2005. One of their children, Bambi Locsin, headed the paper for a while. But not long after, the job was passed on to Anthony Cuaycong, now BusinessWorld's chief operating officer, who started fresh out of college as a beat reporter for the paper.

In 2004, the Philippine Long Distance Telephone Company (PLDT), led by Manny V. Pangilinan, acquired a minority stake in BusinessWorld through PLDT's Beneficial Trust Fund unit Mediaquest. In September 2013, Mediaquest assumed control of the paper. Hastings Holdings Inc., a subsidiary of Mediaquest, will increase its stake from 30% to 76.67% and infuse P100 million into the company over the next 12 months. Smart Communications, Inc. co-founder and chief wireless advisor Orlando Vea was named acting president.[6]

References[edit]

External links[edit]


Category:National newspapers published in the Philippines Category:Newspapers published in Metro Manila