{
    "success": true,
    "data": {
        "id": 1092682,
        "msgid": "rp-newspaper-tv-site-defies-dot-com-slump-1447893297",
        "date": "2001-03-01 00:00:00",
        "title": "RP newspaper-TV site defies dot-com slump",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "RP newspaper-TV site defies dot-com slump MANILA (Reuters): Dotcoms across the world are losing their hold on investors and their books are turning red. But two Philippine \"media giants\" -- a newspaper and a television network -- this week launched their marriage online and plunked 80 million pesos (US$1.6 million) into a joint Internet news delivery system. They have offered a giant promise -- return on investment in three years.",
        "content": "<p>RP newspaper-TV site defies dot-com slump<\/p>\n<p>MANILA (Reuters): Dotcoms across the world are losing their<br>\nhold on investors and their books are turning red.<\/p>\n<p>But two Philippine \"media giants\" -- a newspaper and a<br>\ntelevision network -- this week launched their marriage online<br>\nand plunked 80 million pesos (US$1.6 million) into a joint<br>\nInternet news delivery system.<\/p>\n<p>They have offered a giant promise -- return on investment in<br>\nthree years.<\/p>\n<p>INQ7.net, a 50-50 joint venture between the Philippine Daily<br>\nInquirer, the country's leading newspaper, and TV network GMA<br>\nNetwork Inc, announced their joint venture on Tuesday night with<br>\nmuch glitz and funfare.<\/p>\n<p>\"As marriage partners, we do not sleep,\" said Felipe Gozon,<br>\npresident and CEO at GMA-7. \"We operate 24 hours a day, seven<br>\ndays a week... an online, real-time multimedia news and<br>\ninformation delivery system.\"<\/p>\n<p>To President Gloria Macapagal Arroyo, the first to register as<br>\nan INQ7 user, the country's first print-broadcast media merger<br>\nonline is \"an electronic feedback facility\" where Filipinos can<br>\n\"share their thoughts about the country\".<\/p>\n<p>To Marixi Prieto, Inquirer chairwoman, INQ7 is a journalism<br>\nshowcase and \"represents the best in Filipino news reporting\".<\/p>\n<p>INQ7 has a 10-strong editorial staff, a 12-strong tech team,<br>\nand an average 700,000 daily page hits, mostly drawn from what<br>\nused to be Inquirer.net. Up to 93 percent of the eyeballs come<br>\nfrom outside the Philippines.<\/p>\n<p>Dennis Valdes, INQ7.net president and CEO, told Reuters that<br>\nin its third year, the firm hopes to earn money \"on net income<br>\nbasis or be cash positive or self-sustaining at the very least\".<\/p>\n<p>How this will happen is the big question. Valdes has two<br>\nanswers -- content syndication and e-commerce.<\/p>\n<p>\"Almost every dotcom in this country is studying how we can<br>\nparticipate in online remittances from overseas Filipinos, sell<br>\nproducts online.\"<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rp-newspaper-tv-site-defies-dot-com-slump-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}