QuestionsQuestions (Act No. 2580.)
They must file with the Director of Posts, on prescribed forms, sworn statements containing specified information about the actual editor, managing editor, publisher, business managers, owners, and (if applicable) stockholders and known bondholders/mortgagees/security holders.
Not later than the first day of April and the first day of October of each year.
Names and post-office addresses of the actual editor, managing editor, publisher, business managers, and owners; names of stockholders if owned by a corporation; names of known bondholders, mortgagees, or other security holders; and (for daily newspapers) the average number of copies sold or distributed to paid subscribers during the preceding month.
No. It expressly provides that it shall not be necessary to include names of persons owning less than one per centum of the total amount of stock, bonds, mortgages, or other securities.
Religious, fraternal, temperance, scientific, or other similar publications.
A copy of the sworn statement must be published in the second issue of the newspaper or publication concerned, printed next after the filing of the statement.
The publication shall be denied the privileges of the mail if it fails to comply within thirty days after notice by registered letter from the Director of Posts.
Any editor, publisher, business manager, or owner who knowingly files with the Director of Posts an untrue or false statement of the information required in Section 1.
A fine of not less than P1,000 nor more than P5,000, and imprisonment of not less than six months nor more than two years.
The law requires that the false statement be knowingly filed—meaning there is knowledge of its falsity.
The average number of copies of each issue of the daily newspaper sold or distributed to paid subscribers during the preceding month.
It must be published in the second issue of the concerned newspaper or periodical, printed next after the filing of the statement.
The Director of Posts receives the sworn statements and provides notice by registered letter of failure to comply; after thirty days from such notice, mail privileges may be denied.
Yes. The sworn statement must be filed with the Director of Posts, using blanks furnished by the Director of Posts.
On its passage, justified by the law’s declaration that the public good requires its speedy enactment.