PRESIDENTIAL DECREE NO. 197

: The Media Advisory Council assumed the functions and duties of the Mass Media Council.
: The core functions include passing upon all applications of mass media for Certificates of Authority to Operate, issuing and promulgating rules, regulations, and guidelines necessary for mass media operations, subject to presidential approval.
: The Media Advisory Council is authorized to charge a yearly fee on all media establishments under its jurisdiction amounting to not more than one-tenth (1/10) of one percent (1%) of their revenue collections, which can be increased up to one-half (1/2) of one percent with the prior approval of the President if needed.
: All excess funds collected shall be utilized only for the establishment and operation of a Media Foundation of the Philippines.
: The books of the Media Advisory Council are to be audited periodically by a reputable accounting firm to ensure proper use and transparency of funds.
: The President must give prior approval for any increase of the yearly fees beyond one-tenth (1/10) of one percent of revenue collections to as much as one-half (1/2) of one percent.
: Yes, all government agencies and media establishments are enjoined to extend their utmost assistance and cooperation to the Media Advisory Council.
: The decree is made part of the law of the land and took effect immediately upon publication.
: The decree was signed by President Ferdinand E. Marcos and by Executive Secretary Alejandro Melchor.