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VOLUME XXIV No. 52
Tagbilaran City, Bohol, Philippines
July 11, 2010 issue
 

The Post marks 24 th milestone in Bohol journalism Tuesday; 3 parties offer to buy the paper

 

The Bohol Sunday Post will turn another leaf in the annals of community journalism as it waded through a highly competitive market where it gives no quarters for the faint of heart. Founded on July 13, 1986, the Post braved through several stormy weathers of intense competition and the prohibitive cost of maintaining a newspaper. Celebrating its 24 th milestone on Tuesday, the paper saw the rise and fall of other periodicals whose skeletal remains were a mute reminder to a business that takes no prisoners but only survivors of the fittest. Considered as one of the only two papers (the other one is the 56-year old Bohol Chronicle) that is not swimming in a sea of red ink, it was plain “lakas loob” for the paper's staying power that it managed to stay afloat despite the keen competition posed by its main rival.

]The publishing entity is aptly named Lakas-Loob Publishers as a testament to the publisher's gutsy entrepreneurial skill. Modesty aside, the publisher, Boy Guingguing, is known to have the guts of an “akyat-bahay”. It's worth mentioning as a tribute to the tenacity of the men and women behind the paper that as it grows older, at least three interested parties are offering to buy the paper. All fully-loaded, the Post management has a hard time sizing up the three buyers knowing them to have the financial muscle known far and wide. If these buyers are willing to put their money where their mouths are, then a “done deal” may not be far behind. At least one qualification to clinch the transaction is that the buyer should have the money “flowing out of their ears”. The offer came after the Post publisher minced no words in one of his BGlante columns that the paper is for sale “if the price is right”. So far, all three prospective buyers are doing their own due diligence if indeed the paper is making money after all these years of uninterrupted operations.

 
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