Philippinesโ SEC orders news publisher Rappler to shut down
Maria Ressa, apart from anything else, a Nobel Peace Prize laureate, CEO, and owner of the news organisation Rappler in the Philippines announced that the government has ordered her to shut the company down.
โThe Philippine Securities and Exchange Commission had upheld its earlier ruling to revoke the news siteโs operating license.
The former TIME Person of the Year, Maria Ressa says her team will appeal this decision.
โWhat does this mean? We have existing legal remedies up to the highest court of the land. It is business as usual for us since, in our view, this is not immediately executory without court approval,โ she wrote in a message to staff.
Rappler has been engulfed in public feuds with former President Duterte and a series of lawsuits because of the news siteโs critical reporting.
Four years ago the Philippine Securities and Exchange Commission revoked the registration of the Rappler publications over an โalleged violation of foreign ownership rulesโ. There was never any legal or public follow up on the decision.
CNN reports that the Philippine SEC alleged that the Rappler parent company โintentionally created an elaborate schemeโ to cover an investment from a foreign source.
Mass media companies in the Philippines are theoretically blocked from foreign ownership although some media entities in the country have found elaborate workarounds to the countryโs media laws.
The Philippine SEC โaffirmed and reiterated its earlier findingโ that Rappler was a โmass media entityโ.
โConsidering the seriousness and gravity of the infraction, and that it was no less the constitution that was violated, this commission finds and so holds that the penalty of revocation should be affirmed and sustained.โ
President Duterte leaves office tomorrow and hands over the position to the incoming President Ferdinand Marcos Jr. on June 30. Philippine media groups are urging the younger Marcos, the son of former Philippine dictator Ferdinand Marcos, to โprotect media freedom in the countryโ.
Yesterday Ressa noted that Rappler had been repeatedly harassed over the past six years and โour goal is to continue holding the line.โ
In their own wordsโฆ โRappler comes from the root words โrapโ (to discuss) + โrippleโ (to make waves). It was born to a new world of possibilities, driven by uncompromising journalism, enabled by technology, and enriched by communities of action.โ
โThrough cutting-edge stories, conversations, and collaboration, we aim to speak truth to power and build communities of action for a better world.โ
Maria Ressa won the 2021 Nobel Peace Prize, together with Russian journalist Dmitry Muratov, for โefforts to safeguard freedom of expression in the Philippinesโ. Ressa founded Rappler in 2012 and it became well known and applauded for its unflinching coverage of President Duterte and his โwar on drugs.โ
SOURCE: CNN