WHILE the Inquirer editors are embroiled in a pecking-order squabble and their columnists busy consorting with and stoking the fires of the oust-GMA opposition, the newspaper owners are quietly crying themselves all the way to the bank.
Make that buying themselves a bank.
According to banker S. Cuttle Butt, the Rufino-Prieto families that control the country’s biggest and most influential tabloid are now seeking Bangko Sentral approval to acquire a sizable stake in Malayan Bank, the Metro Manila thrift bank controlled by the Gozons of GMA Network.
RUFINO-PRIETO
Even before the Bangko Sentral approval, the Inquirer already has a foot inside the seven-branch savings bank in the person of Jay Luzuriaga, the newspaper’s chief financial adviser who is also the bank’s executive director. Read the rest of this entry »

