section_path: History/Beltran years (1985–1989)
section_name: Beltran years (1985–1989)
paragraph_text: Beltran years (1985–1989)
  
  As the successor to the previous Mr. & Ms. Special Edition and the weekly Philippine Inquirer, it was founded on a budget of ₱1 million and enjoyed a daily circulation of 30,000 in its early days. The new daily was housed in the dilapidated one-story Star Building at 13th and Railroad streets in Port Area, Manila. It was put out by 40 editors, reporters, correspondents, photographers and other editorial employees working in a 100-square-meter newsroom. Columnist Louie Beltran was named its editor-in-chief.
  
  The newspaper was instrumental in documenting the campaign of Corazon Aquino during the 1986 presidential elections and, in turn, the 1986 People Power Revolution. Its slogan, Balanced News, Fearless Views, was incorporated to the newspaper in January 1986 after a slogan-making contest held during the first month of the Inquirer ' s existence. In this period, the newspaper reached a high circulation of 500,000 copies a day.
  
  In July 1986, questions about finances and a divergence of priorities caused a rift among the founders that led Belmonte, Soliven, and Art Borjal's split from the Inquirer to establish The Philippine Star. As Belmonte owned the Star Building where the Inquirer was headquartered, the newspaper amicably transferred to the Soliven-owned BF Condominium on Aduana Street, Intramuros.