ABS-CBN Corporation
ABS-CBN Corporation is the biggest media conglomerate in the Philippines, dominating three main platforms: television, radio, and online media.
ABS-CBN traces its beginnings to the merger of two broadcast networks after World War II: Alto Broadcasting System and Chronicle Broadcasting Network.
ABS was owned by then president Elpidio Quirino’s younger brother Antonio, who bought into Bolinao Electronics Corporation, a company owned by Jewish-American businessman James Lindberg that assembled radio-transmitting equipment. Lindenberg applied for and got the very first television franchise in the Philippines, and, on October 23, 1953, ABS aired the first full-blown TV broadcast in the country as DZAQ-TV.
CBN, on the other hand, stands for Chronicle Broadcasting Network and was owned by Eugenio Lopez Sr. of the Lopez family that also owned the broadsheet Manila Chronicle.
Lopez bought ABS from the Quirinos on February 24, 1957. ABS-CBN came into existence, and was the first Philippine network to broadcast in color.
Lopez was the elder brother of Fernando Lopez who served as Elpidio Quirino’s vice president from 1949 to 1953 and Ferdinand Marcos’ vice-president until 1972, when Marcos declared martial law and took control of all media, including ABS-CBN and the Manila Chronicle which then ceased operations.
ABS-CBN resumed commercial operations after the People Power Revolution in 1986 when then President Corazon Aquino, through an executive order, gave the Lopezes back the businesses that Marcos seized from them 14 years earlier, including ABS-CBN and other companies.
On March 1, 1987, Channel 2 was relaunched as “The Star Network” and has since then produced content that appeals to the Filipino viewing public.
Today, ABS-CBN Corporation has P38.278 billion ($817 million) declared revenue as of December 31, 2015 with the bulk of its income coming from its broadcast operations followed by its cable and satellite operations. It has presence on TV via ABS-CBN 2, sports station Sports+Action, and regional channels. On radio, there is DZMM on the AM band and 101.9 on the FM band, while online platform is abs.cbn.com. The company continues to produce printed material with ABS-CBN Publishing Incorporated, a magazine and book publisher.ABS-CBN forms a duopoly in the Philippine media landscape together with its closest competitor, GMA Network Incorporated, with the two giants capturing 80.72 percent of the television audience in the Philippines.
ABS-CBN Corporation is part of the Lopez group of companies known as Lopez, Incorporated. Its non-media businesses include power and energy, property development, financial services, and manufacturing.
They were into water services, telecommunications, and tollways.
Mother Company
Lopez, Incorporated
Business Form
Private
Legal Form
Corporation
Business Sectors
Lopez, Inc. is an investment company with interests in sectors such as broadcasting and cable, telecommunications, power generation and distribution, and banking.
Lopez, Incorporated
Lopez, Inc. is an an investment company with interests in sectors such as broadcasting and cable, telecommunications, power generation and distribution, and banking. It is the parent company of ABS-CBN Corporation.
PCD Nominee Corporation
PCD Nominee Corporation is a financial holding corporation that holds legal title to immobilized shares lodged in the Philippine Central Depository, Inc system. and operates as a subsidiary of Philippine Central Depository.
Ching Tiong Keng
Biggest stockholder at 26.745 percent in La Suerte Cigar and Cigarette Factory Incorporated.
Other Print Outlets
Metro magazine
Metro Home & Entertaining
Metro Weddings
Metro Society
Vault
Working Mom
Food magazine
StarStudio
Chalk
Barbie
Star Magic Catalogue
UAAP magazine
Other TV Outlets
VHF TV Stations as of December 31, 2015:
Manila - Channel 2
Cebu - Channel 3
Bacolod - Channel 4
Mt. Kitanglad, Bukidnon - Channel 2
Davao - Channel 4
General Santos - Channel 3
Zamboanga - Channel 3
Naga - Channel 11
Tacloban - Channel 2
Dumaguete - Channel 12
Isabela - Channel 2
Tuguegarao - Channel 3
Cotabato - Channel 5
Baguio - Channel 3
Iligan - Channel 4
Butuan - Channel 11
Ilocos Norte - Channel 7
Legaspi - Channel 4
Olongapo - Channel 12
Iloilo - Channel 10
Batangas - Channel 10
Bohol - Channel 9
Mt. Province - Channel 11
Zambales - Channel 13
Albay - Channel 10
Sorsogon - Channel 7
Aklan - Channel 9
Ilocos Sur - Channel 11
Cagayan de Oro - Channel 4
Occidental Mindoro - Channel 11
Catanduanes - Channel 7
Masbate Comm. Bctg. Co. - Channel 10
St. Jude Thaddeus Inst. of Tech - Channel 12
Sulu Tawi-Tawi Broadcasting Corporation - Channel 10
Calbayog Comm. Bctg. Corp. Palawan Bctg Corp. - Channel 10
Aparri - Channel 9
Espanola - Channel 10
Batanes - Channel 11
UHF TV Stations of December 31, 2015:
Manila - Channel 23
Cebu - Channel 23
Davao - Channel 21
Dagupan - Channel 30
Naga - Channel 24
Batangas - Channel 36
Baguio - Channel 32
Laoag - Channel 23
Bacolod - Channel 22
Iloilo - Channel 38
Zamboanga - Channel 23
Gen. Santos - Channel 36
Tacloban - Channel 24
Cagayan De Oro - Channel 23
Dumaguete - Channel 24
Botolan - Channel 23
Isabela - Channel 23
Bohol - Channel 40
Marbel, Koronadal - Channel 24
Rizal - Channel 40
Legaspi - Channel 23
Olongapo - Channel 24
Iligan - Channel 26
Butuan - Channel 22
Cotabato - Channel 23
Palawan - Channel 23
Surigao - Channel 23
Roxas City - Channel 21
Baler - Channel 22
Camarines Norte - Channel 23
Kalibo - Channel 23
Dipolog - Channel 42
Lucena City - Channel 24
Tarlac - Channel 34
San Miguel - Channel 34
San Fernando, Pampanga - Channel 46
San Pablo - Channel 46
Ilocos Sur - Channel 34
Other Radio Outlets
FM Radio Stations as of December 31, 2015:
Manila - Frequency (MHz) 101.9
Cebu - Frequency (MHz) 97.1
Bacolod - Frequency (MHz) 101.5
Davao - Frequency (MHz) 101.1
Baguio - Frequency (MHz) 103.1
Legaspi - Frequency (MHz) 93.9
Naga - Frequency (MHz) 93.5
Laoag - Frequency (MHz) 95.5
Dagupan - Frequency (MHz) 94.3
Iloilo - Frequency (MHz) 91.1
Tacloban - Frequency (MHz) 94.3
Cagayan De Oro - Frequency (MHz) 91.9
Cotabato - Frequency (MHz) 95.1
Gen. Santos - Frequency (MHz) 92.7
Zamboanga - Frequency (MHz) 98.7
Palawan - Frequency (MHz) 99.9
AM Radio Stations as of December 31, 2015:
Manila - Frequency (MHz) 630
Cebu - Frequency (MHz) 1512
Davao - Frequency (MHz) 1296
Palawan - Frequency (MHz) 765
Other Online Outlets
<www.abs-cbn.com> www.abs-cbn.com redirecting to <http://entertainment.abs-cbn.com/Tv/Home> http://entertainment.abs-cbn.com/Tv/Home
News website is <http://news.abs-cbn.com/> http://news.abs-cbn.com/
Media Business
Cable & satellite programming
ABS-CBN International, Inc.
ABS-CBN Europe Ltd.
ABS-CBN Japan, Inc.
ABS-CBN Middle East FZ-LLC
ABS-CBN Canada, ULC
ABS-CBN Australia Pty. Ltd.
Telecommunication
ABS-CBN Telecom North America, Inc.
Movie production
ABS-CBN Film Productions, Inc.
The Big Dipper Digital Content & Design, Inc.
Television & radio broadcasting
AMCARA Broadcasting Network, Inc. (49%)
Professional Services for Television & Radio, Inc.
Print publishing
ABS-CBN Publishing, Inc. (API)
Production facility
ABS-CBN Studios, Inc.
Content development & programming
Content development & programming
Sarimanok News Network, Inc. (SNN)
Educational/training
Marketing, sales & advertising
Center PTE. Ltd.
Medianow Strategies, Inc. (Medianow)
Restaurant and food
Holding company
Sky Vision Corporation
Sun Cable Holdings, Incorporated
Telemondial Holdings, Inc.
Call center
iConnect Convergence, Inc.
Cable television services
Sky Cable Corporation
Bisaya Cable Television Network, Inc.
Bright Moon Cable Networks, Inc.
Cavite Cable Corporation
Cepsil Consultancy and Management Corporation - Cable television services
Davao Cableworld Network, Inc.
HM Cable Networks, Inc.
HM CATV, Inc.
Hotel Interactive Systems, Inc. Isla Cable TV, Inc.
Moonsat Cable Television, Inc.
Pilipino Cable Corporation
Satellite Cable TV, Inc.
Sun Cable Systems Davao, Inc.
Sunvision Cable, Inc. - Cable television services
Tarlac Cable Television Network, Inc. - Cable television services
JMY Advantage Corporation
Cebu Cable Television, Inc.
Suburban Cable Network, Inc.
Pacific CATV, Inc. (Pacific)
First Ilocandia CATV, Inc.
Mactan CATV Network, Inc.
Home-Lipa Cable, Inc.
Home shopping
A CJ O (50%)
Boxing promotions
ALA Sports (44%)
Business
Real estate
ABS-CBN Integrated and Strategic Property Holdings, Inc.
Restaurant and food
TV Food Chefs, Inc.
Non-vessel common carrier
ABS-CBN Global Cargo Corporation
Holding company
ABS-CBN Theme Parks and Resorts Holdings, Inc.
ABS-CBN Global Ltd.
ABS-CBN Global Hungary Kft.
ABS-CBN Global Netherlands B.V.
Rosetta Holdings Corporation
Sky Vision Corporation
Sun Cable Holdings, Incorporated
Telemondial Holdings, Inc.
Sapientis Holdings Corporation
Columbus Technologies, Inc.
Money remittance
ABS-CBN Europe Remittance Inc.
E-Money Plus, Inc.
ABS-CBN Global Remittance Inc.
ABS-CBN Canada Remittance Inc.
Trading
ABS-CBN Middle East LLC
Telecommunication
ABS-CBN Telecom North America, Inc.
ABS-CBN Convergence, Inc.
Educational/training
ABS-CBN Center for Communication Arts, Inc.
Marketing, sales & advertising
Center PTE. Ltd.
Support services
ABS-CBN Shared Service
Services
Daum Kakao Corporation (50%)
The Flagship, Inc. (40%)
Theme park
Play Innovations, Inc.
Play Innovations Hungary Kft.
Call center
iConnect Convergence, Inc.
Home shopping
A CJ O (50%)
Holding company
ABS-CBN Global Ltd.
ABS-CBN Global Hungary Kft.
ABS-CBN Global Netherlands B.V.
Cable & satellite programming
ABS-CBN International, Inc.
Cable & satellite programming
ABS-CBN Japan, Inc.
ABS-CBN Middle East FZ-LLC
ABS-CBN Canada, ULC
ABS-CBN Australia Pty. Ltd.
Money remittance
ABS-CBN Europe Remittance Inc.
E-Money Plus, Inc.
ABS-CBN Global Remittance Inc.
ABS-CBN Canada Remittance Inc.
Trading
ABS-CBN Middle East LLC
Telecommunication
ABS-CBN Telecom North America, Inc.
ABS-CBN Convergence, Inc.
General Information
Founding Year
1946
Founder
Eugenio “Geny” Lopez, Sr.
Affiliated Interests Founder
Eugenio “Geny” Lopez, Sr. is the son of former Iloilo governor Benito Lopez and the elder brother of former Vice President Fernando Lopez.
Employees
ABS-CBN Corporation and Subsidiaries had 5,926 regular employees, 1,301 non-regular employees and 2,934 talents and project-based employees as of December 31, 2015.
Contact
ABS-CBN Corporation, Sgt. E.A. Esguerra Avenue, Quezon City Philippines 1103Telephone Number: +632-415-2272
Tax/ ID Number
000-406-761-000
Financial Information
Revenue (Financial Data/ Optional)
817 Mil $ / 38.278 Bil P
Operating Profit (in Mill. $)
76.68 Mil $ / 3.592 Bil P
Advertising (in % of total funding)
453.89 Mil $ / 21.265 Bil P
Management
Executive Board
Eugenio L. Lopez III - Chairman of the Board of Directors, Vice Chairman of Lopez Holdings Corporation, Chairman of Sky Cable Corporation, President of Sky Vision Corporation, Treasurer of Lopez, Inc., Chairman of Bayan Telecommunications, Inc., Director of First Gen Corporation, Director of First Gen Corporation, First Philippine Holdings Corporation, Rockwell Land and the Eugenio Lopez Foundation
Augusto Almeda-Lopez - Vice Chairman since 1989, Director of the First Philippine Holdings Corporation (FPHC), First Philippine Industrial Corporation (FPIC), Bayan Telecommunications Inc., Sky Cable Corporation, and ADTEL Inc, Board Chairman of his family's company, ACRIS Corporation.
Ma. Rosario Santos-Concio - Board Member, President of ABS-CBN University and Chief Executive Officer, previous Head of Channel 2 Mega Manila Management.
Oscar M. Lopez - Board Member and Director since 1966, Chairman Emeritus and Chief Strategic Officer of the First Philippine Holdings Corporation (FPHC), and Chairman Emeritus of Lopez Holdings Corporation, First Gen and Energy Development Corporation, Chairman of First Philippine Industrial Park and First Sumiden Circuits, Inc., Vice Chairman of Rockwell Land.
Presentacion L. Psinakis - Director since 1988, founder and President of Griffin Sierra Travel, Inc., member of the Board of Trustees of the Eugenio Lopez Foundation, Inc., and director of the following companies: Lopez Inc., Benpres Insurance Agency, ADTEL Inc., and Philippine Commercial Capital Inc..
Manuel M. Lopez - Board Member and Chairman and Chief Executive Officer of Lopez Holdings Corporation, chairman of Rockwell Land, Vice Chairman of FPHC, director of Meralco where he was Chief Executive Officer July 2001 to June 2010. He is also the Philippine Ambassador to Japan.
Federico R. Lopez - Director since 1999, Chairman and Chief Executive Officer of First Philippine Holdings Corporation (FPH), Chairman and CEO of First Gen Corporation and Energy Development Corporation, Vice Chairman of Rockwell Land Corporation, Chairman of the Oscar M. Lopez Center for Climate Change Adaptation and Disaster Risk Management Foundation (The OML Center) and the Sikat Solar Challenge Foundation. Board of Trustees of World Wildlife Fund Philippines, Philippine Disaster Recovery Foundation and the Philippine Tropical Forest Conservation Foundation, member of the World Presidents Organization, Asia Business Council, ASEAN Business Club, New York Philharmonic International Advisory Board, Management Association of the Philippines, Philippine Chamber of Commerce and Industry, European Chamber of Commerce of the Philippines and Makati Business Club.
Federico M. Garcia - Board Member
Salvador G. Tirona - Board Member and Director since 2010, President and Chief Operating Officer and concurrently, Chief Finance Officer of Lopez Holdings Corporation, Chairman and Chief Executive Officer of First Philippine Holdings Corporation, Chairman and Chief Executive Officer Chairman of First Gen Corporation, Chairman of Energy Development Corporation, Vice Chairman of Rockwell Land, Chairman of First Philippine Industrial Park, Chairman and Chief Executive Officer of First Gen Renewables, Inc., Trustee of the Eugenio Lopez Foundation, and Treasurer of Lopez Holdings Corporation
Non-Executive Board
Emmanuel S. de Dios - Board Member and Independent Director since 2013, Professor of Economics at the University of the Philippines School of Economics since 1989, President of Human Development Network (Philippines) since July 2012, Dean of the University of the Philippines School of Economics from 2007 to 2010, member of the Board of Advisers to the Board of Directors of the Corporation from 2011 to 2013, member of the Board of Trustees of Pulse Asia (Phils.), Inc. since 2008.
Antonio Jose U. Periquet - Director of ABS-CBN Holdings Corporation, Independent Director at the following corporations: Ayala Corporation, Bank of the Philippine Islands, DMCI Holdings, Inc., Philippine Seven Corporation, and Max’s Group of Companies, a restaurant chain.
Supervisory Board
Missing Data
Other Influential People
is a former Vice President of the Philippines under Gloria Macapagal-Arroyo. De Castro is a broadcaster on ABS-CBN’s primetime news program TV Patrol and became a household name because of that. He is also the top 30 stockholder of ABS-CBN Corporation.
is a television host and TV and movie actress, youngest daughter of former Philippine president Corazon Aquino and sister of former president Benigno S. Aquino III. It was her mother who returned the ABS-CBN 2 to the Lopezes through an executive order. She is also the top 47 stockholder of ABS-CBN Corporation.
Further Information
Meta Data
ABS-CBN Corporation is a publicly listed corporation and is required by law to disclose all company details.
The Securities Regulation Code, Republic Act 8799, which was enacted into law in 2000, lays down stringent disclosure requirements for companies that wish to make a public offering or that are already publicly listed, including who its beneficial owners are.
The Securities and Exchange Commission’s Memorandum Circular No. 11, series of 2014, requires all publicly listed companies to post on their websites the following information, among other things:
1) Company profile, mission and vision, Board of Directors, organizational structure, shareholding structure, Articles of Incorporation and By-Laws;
2) The disclosures required by the SEC, including periodic reports, statement of beneficial ownership and the General Information Sheet;
3) Manual on Corporate Governance, Annual Corporate Governance Reports;
4) Company policies on whistleblowing, conflict of interest, insider trading, related party transactions, health and welfare of staff;
5)Investor relations programs and shares, including the total outstanding shares, exchanges where the shares are listed, and the top 20 shareholders of the company. # Despite this law, the latest General Information Sheet on the ABS-CBN Corporate website is 2014.
Conversion rate on Dec. 31, 2015: P 46.85.
Audience share based on Nielsen’s National Urban TV Audience Measurement (TV, Jan-August 2016), Nielsen's Consumer and Media View (Print, Jan-August 2016), Audience share from Nielsen's Radio Audience Measurement (Radio, Jan-August 2016), Effective Measurement (2016) #
Founding year based on date of incorporation as reflected in the Securities and Exchange Commission documents.#
Conversion rate on Dec. 31, 2015: P 46.85 #
Sources
Financial Statement of ABS-CBN Corporation (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
General Information Sheet of ABS-CBN Corporation (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
Financial Statement of Lopez Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
General Information Sheet of Lopez Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
