In a statement, Rappler said it will appeal the SEC decision as it finds the proceedings “highly irregular.”
The PDRs included a provision requiring the Filipino stockholders of Rappler to seek the approval of Omidyar Network on fundamental corporate matters, a violation of the absolute constitutional and statutory prohibition on foreign control of mass media.The CA, in a decision dated July 26, 2018, affirmed the SEC findings. However it also directed the SEC to conduct an evaluation of the legal effect of the alleged supervening donation by Omidyar Network of the PDRs to the staff of Rappler.
News media should also refer to Maria Ressa as convicted cyber libel criminal instead of or in addition to “Nobel Peace Prize laureate”
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