ABS-CBN Corporation (PSE: ABS and ABSP) is a Philippine-based media conglomerate. It is the Philippines’ largest media and entertainment company.The corporation was the merger of Alto Broadcasting System (ABS) which at that time owned by James Lindenberg and Antonio Quirino, and the Chronicle Broadcasting Network (CBN) owned by the Lopez’s. Founded on June 13, 1946 by James Lindenberg as Bolinao Electronics Corporation (BEC), it was incorporated as ABS-CBN Broadcasting Corporation in February 1, 1967. On August 18, 2010 the corporate name was changed to ABS–CBN Corporation, after dropping the name “Broadcasting.” The common shares of ABS-CBN PSE: ABS were first offered in July 1992. The PDRs (Philippine Depository Receipt) PSE: ABSP were offered in October 1999.
The company is best known for pioneering radio and television in Southeast Asia and for its flagship television network ABS-CBN, the first commercial television network in Asia. Today the company has expanded to be the largest media empire in the Philippines with reaches still unmatched up to this day. ABS-CBN Corporation owns two-thirds of the country’s largest cable company SkyCable, the youth-oriented television network, Studio 23 as well as the cable channels ANC, Balls, Cinema One, Cge TV, DZMM TeleRadyo, Hero, Knowledge Channel, Lifestyle Network, Myx, Kapamilya Channel, Tambayan TV, Velvet and international networks like Myx TV and TFC. ABS-CBN also owns and operates a film studio, Star Cinema, a recording studio, Star Records, a visual effects firm, Roadrunner Network, Inc., a publishing firm, ABS-CBN Publishing, radio networks like DZMM, and Tambayan 101.9 HD, websites like push.ph, cge.tv, and choosephilippines, and the direct-to-home cable service like ABS-CBN pay per view.
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