Progressive Broadcasting Corporation
Progressive Broadcasting Corporation (PBC) is a mass media corporation that registered with the Securities and Exchange Commission on October 6, 1986. It owns the legislative franchise that UNTV News and Rescue is using to operate a television station.
PBC was granted a 25-year legislative franchise five years later for commercial radio and TV broadcasting stations in four regions including Metro Manila. This franchise was amended to extend operations throughout the country. In May 2016, President Benigno S. Aquino III approved the renewal of said franchise for another 25 years.
Alfredo “Atom” L. Henares owns 70-percent share of PBC. He is also the chairman of the board and president. His father, media personality Hilarion “Larry” Henares, is chairman emeritus. Other shareholders are Joselito N. Pedero and Dennis T. Villareal.
Henares has varied business interests from real estate, electric powerplant, and palm oil manufacturing. He was formerly married to Victoria “Vicki” G. Belo, the president and medical director of the Belo Medical Group, a multimillion beauty products and cosmetics business. She is also a television personality.
Business Form
Private
Legal Form
Corporation
Business Sectors
Broadcasting and mass media
Individual Owner
Alfredo L. Henares has varied business interests from real estate, electric powerplant, and palm oil manufacturing.
Joselito N. Pedero
Joselito N. Pedero is the vice chair of Progressive Broadcasting Corporation. He is also a stockholder.
Dennis T. Villareal
Dennis T. Villareal has interests in power generation, water utilities, palm oil manufacturing, paper and plastic manufacturing, and real estate.
Other Print Outlets
Other TV Outlets
UNTV News and Rescue
Other Radio Outlets
UNTV Radio La Verdad 1350 (AM station)
107.5 Wish (FM station)
Other Online Outlets
Media Business
Coming Soon
Business
Coming Soon
General Information
Founding Year
1986
Founder
Alfredo “Atom” L. Henares
Affiliated Interests Founder
Alfredo “Atom” L. Henares, who has 70 percent equity share in Progressive Broadcasting Corporation, has varied business interests from real estate, electric powerplant, and palm oil manufacturing.
Employees
420 - Rank and file employees
Contact
UNTV-Breakthrough and Milestones Productions International, No. 907 BMPI Bldg. PhilAm EDSA, Quezon City, 1104 Philippines Telephone Number: +632-442-6244
Tax/ ID Number
000-491-433
Financial Information
Revenue (Financial Data/ Optional)
1.04 Mil $ / 48.77 Mil P
Operating Profit (in Mill. $)
0.05 Mil $ / 2.27 Mil P
Advertising (in % of total funding)
Missing Data
Management
Executive Board
Alfredo L. Henares – Chairman and President of Progressive Broadcasting Corporation, Treasurer & Director at Salcon Power Power Corp., Treasurer & Director at Salcon Philippines, Inc., Treasurer & Director at Salcon International, Inc., Chairman at SPC Island Power Corp., Treasurer & Director at SPC Properties & Development Corp., Treasurer & Director at SPEC Properties, Inc., Treasurer & Director at Western Panay Hydropower Corp., Treasurer & Director at SPC Electric Co., Inc., Treasurer & Director at SPC Light Co., Inc., Chairman at Bohol Light Co., Inc., Chairman at Bohol Water Utilities Inc., a Director-Finance at Vegoil Phils, Inc., Chief Financial Officer & Executive Vice President at Kepco SPC Power Corp., Chairman at SPC Malaya Power Corp., and Chairman at KV Holdings, Inc. (Philippines). He is on the Board of Directors at SPC Power Corp., Salcon Philippines, Inc., Salcon International, Inc., SPC Properties & Development Corp., SPEC Properties, Inc., Western Panay Hydropower Corp., SPC Electric Co., Inc., SPC Light Co., Inc., and Isarog Pulp & Paper Co., Inc.
Joselito N. Pedero – Vice Chairman of of Progressive Broadcasting Corporation
Dennis T. Villareal – Treasurer of Progressive Broadcasting Corporation, Founder and has been President and Chief Executive Officer of SPC Power Corporation, President and Director of the following corporations: Salcon Philippines, Inc.; Salcon International, Inc., Salcon Island Power Corp., Salcon Property and Development Corp., SPEC Properties, Inc., Salcon Technologies, Inc., Mactan Electric Company, Inc., Bohol Light Co., Inc., Bohol Water Utilities, Inc., Salmin Water Resources, Inc., Western Panay Hydropower Corp., Salcon Electric Co., Inc., Rayfield Holdings, Inc., Salcon Light Co., Inc., Filipinas Palmoil Processing Inc., Filipinas Palmoil Plantations, Inc., Filipinas Palmoil Properties, Inc., Isarog Pulp and Paper Co. Inc., Dentrade, Inc., JAD Holdings, Inc., and Interpid Holdings, Inc., Vice-President and a Director of Dowel Packaging Corp., Rowel Industrial Corp., and Rowel Plastic Corp.
Manuelito F. Luzon – Executive Vice President
Lydia C. Abuel – Director
Pierre M. Cantara – Corporate Secretary
Non-Executive Board
Missing Data
Supervisory Board
Missing Data
Other Influential People
Daniel Razon - President and Chief Executive Officer Breakthrough and Milestone Productions International, the company that maintains and operates UNTV
Eliseo Fernando “Bro. Eli” Soriano - head of Members Church of God International, known locally as “Ang Dating Daan” which airs its religious program in UNTV.
Victoria ""Vicki"" G. Belo - President and Medical Director of the Belo Medical Group, multimillion beauty products business. She is also a television personality.
Quark Henares - Film director.
Cristalle Henares - Businesswoman involved in Belo Medical Group
Hilarion “Larry” Henares - Filmmaker, educator, businessman, tv, radio, and print personality.
Further Information
Meta Data
Conversion rate on Dec. 31, 2015: P 46.86.
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.
Sources
Financial Statement of Progressive Broadcasting Corporation (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
General Information Sheet of Progressive Broadcasting Corporation (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
