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October 22, 1942

From the reliable sources, we learned that a Japanese newspaper establishment has purchased the TVT and Roces publications. TVT is publishing the only newspapers now in circulation in the Philippines, one in each language: English, Spanish, Tagalog, Chinese and Japanese. Before the war, the Roces publications was putting out several weeklies. One of them the Liwayway which had a circulation of a hundred thousand copies. For quite some time the Roces group had been offered to sell, until they finally “agreed” to do so.