The Philippine Securities and Exchange Commission has revoked the operating license of the news site Rappler, saying it was in violation of foreign ownership regulations pertaining to local media.
Rappler CEO Maria Ressa, in a statement to media on January 15, said, “We are not closing down.”
She said the move was an “attack” that showed a “very political nature.”
Rappler has 15 days to appeal the decision, according to SEC Secretary Armando Pan, who was cited by Reuters.
In a statement, Rappler said, “We intend to not only contest this through all legal processes available to us, but also to fight for our freedom to do journalism and for your right to be heard through an independent platform like Rappler.” Credit: YouTube/Rappler via Storyful
