ABS-CBN Financial Analysis. ABS-CBN Corporation is a Filipino media conglomerate and the country's largest and foremost media and entertainment company,
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ABS-CBN Corporation
ABS-CBN Corporation is a Filipino media conglomerate and the country's largest and foremost media and entertainment company, The corporation was formed by the merger of Alto Broadcasting System (ABS) owned by James Lindenberg and Antonio Quirino (the brother of then-Philippine president Elpidio Quirino) and the Chronicle Broadcasting Network (CBN) owned by Don Eugenio Lopez, Sr. and the then-Philippine vice president Fernando Lopez. Founded on 13 June 1946 by James Lindenberg as Bolinao Electronics Corporation (BEC), it was incorporated as the ABS-CBN Broadcasting Corporation on 1 February 1967, shorted to simply ABS-CBN Corporation in 2010. The common shares of ABS were first offered in July 1992 while the PDR (Philippine Depository Receipt) of ABSP were offered in October 1999.
Its assets include the broadcast television network ABS-CBN which is among the first commercial television networks in Asia, a youth-oriented broadcast television network Studio 23 as well as the radio networks DZMM Radyo Patrol 630 and Tambayan 101.9 along with subsidiaries dealing in print publication (ABS-CBN Publishing, Inc.), cable television (Creative Programs, Inc.), communications (Sky Cable Corporation) film production (Star Cinema), visual effects (Roadrunner Network, Inc.), music production (Star Recording, Inc.), new media (ABS-CBN Interactive) and other assets.
ABS-CBN Corporation
Type Public
Traded as PSE: ABS and ABSP
Industry Mass media
Predecessor(s) Bolinao Electronics Corporation (1946–1952)
Founded 14 June 1946
Founder(s) James Lindenberg
Headquarters ABS-CBN Broadcast Center, Sgt. Esguerra Ave. corner Mother Ignacia St., Barangay South Triangle, Diliman, Quezon City, Philippines
Area served Worldwide
Key people Eugenio Lopez III, (Chairman and CEO)
Augusto Almeda Lopez, (Vice chairman)
Charo Santos-Concio, (President and COO)
Rolando Valdueza, (CFO)
Products Broadcast radio and television, cable television
films, publication
music records and publication
sports, telecommunications
television programming
television, broadcast, music and brand license
merchandise, pay per view, websites
Parent Lopez, Inc.
Divisions ABS-CBN Licensing Group
ABS-CBN News and Current Affairs
Subsidiaries & ABS-CBN Sports
Associates Cable Channels and Print Media Group
Central Library
Subsidiaries & Communications Management Group
Associates I-Post
Manila Radio Division
Regional Network Group
Star Entertainment Group
Traffic
ABS-CBN Australia Pty., Ltd. (100%)
ABS-CBN Canada ULC (100%)
ABS-CBN Europe Ltd. (100%)
ABS-CBN Film Productions, Inc. (100%)
ABS-CBN Foundation, Inc. (100%)
ABS-CBN Center for Communication Arts, Inc. (100%)
ABS-CBN Global Ltd. (100%)
ABS-CBN Global Cargo Corporation (100%)
ABS-CBN Global Hungary Kft (100%)
ABS-CBN Global Netherlands B.V (100%)
ABS-CBN Global Remittance (100%)
ABS-CBN Integrated and Strategic Property (100%)
ABS-CBN Holdings, Inc.(100%)
ABS-CBN Interactive (100%)
ABS-CBN International (100%)
ABS-CBN Japan, Inc (100%)
ABS-CBN Middle East FZ-LLC (100%)
ABS-CBN Middle East LLC (100%)
ABS-CBN Multimedia, Inc. (100%)
ABS-CBN Publishing, Inc. (100%)
ABS-CBN Shared Service Center Pte., Ltd. (100%)
ABS-CBN Telecom North America (100%)
AMCARA Broadcasting Network (100%)
Bisaya Cable Television Network, Inc. (79.3%)
Bright Moon Cable Networks, Inc. (79.3%)
Cavity Cable Corporation (79.3%)
Cebu Cable Television, Inc. (50.8%)
Cepsil Consultancy and Management Corporation (79.3%)
Creative Programs, Inc. (100%)
Culinary Publications, Inc. (100%)
Davao Cableworld Network, Inc. (47.6%)
Discovery Cable, Inc. (55.5%)
E-Money Plus, Inc. (100%)
Subsidiaries & First Ilocandia CATV, Inc. (72.2%)
Associates HM Cable Networks, Inc. (79.3%)
HM CATV, Inc. (79.3%)
Home-Lipa Cable, Inc. (47.6%)
Hotel Interactive Systems, Inc. (79.3%)
Isla Cable TV, Inc. (79.3%)
JMY Advantage Corporation (75.3%)
Mactan CATV Network, Inc. (72.2%)
Moonsat Cable Television, Inc. (79.3%)
Pacific CATV, Inc. (72.2%)
Pilipino Cable Corporation (79.3%)
Professional Services for Television & Radio, Inc. (100%)
Roadrunner Network, Inc. (98.9%)
Satellite Cable TV, Inc. (79.3%)
Suburban Cable Network, Inc. (73.7%)
Sunvision Cable, Inc. (79.3%)
Sun Cable Holdings, Inc. (79.3%)
Sun Cable Systems Davao, Inc. (79.3%)
Francisco International Gateway (100%)
Sapientis Holdings Corporation (100%)
Sarimanok News Network, Inc. (100%)
Sky Cable Corporation (55%)
Star Recording, Inc. (100%)
Star Songs, Inc. (100%)
Tarlac Television Network, Inc. (79.3%)
Telemondial Holdings, Inc. (79.3%)
The Big Dipper Digital Content & Design, Inc.
TV Food Chefs, Inc. (100%)
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