The remaining revenue is generated from block-timing with A2Z and TV5 as well as from consumer sales, mainly from ABS-CBN Global Ltd. The Kapamilya Channel, in particular, is the largest contributor to the group's revenue mainly from selling airtime to advertisers. The group owns and operates Kapamilya Channel and ABS-CBN News Channel under ABS-CBN as well as the Teleradyo and MOR Entertainment digital radio networks.
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ĪBS-CBN Corporation owns major of media and entertainment companies in the Philippines, and offers services and products such as television and radio broadcast, satellite and cable, broadcast syndication, telecommunications, publishing, content production and program and film distributor, television production, film production, new media and digital platforms, talent agencies, pay TV and broadband internet provider, consumer sales and merchandise, music label and recording, and theater. The common shares of ABS-CBN were first traded on the Philippine Stock Exchange in July 1992 under the ticker symbol ABS. Although the ABS-CBN brand was first used on television in 1961, the company became known as ABS-CBN Broadcasting Corporation a few years later on February 1, 1967, and renamed ABS-CBN Corporation on May 27, 2010, to reflect the company's diversification. The two companies were soon merged a year later after the Lopezes' acquisition of ABS, reverted to its original name, BEC. and his brother Fernando Lopez, who was then the Vice President of the Philippines. (CBN) by newspaper mogul Eugenio Lopez Sr. The company that would later be merged with ABS to form ABS-CBN was founded in 1956 as Chronicle Broadcasting Network, Inc. In 1952, BEC was renamed Alto Broadcasting System (ABS) with its corporate name, Alto Sales Corporation after Judge Antonio Quirino, brother of President Elpidio Quirino, purchased the company and later launched the first TV station in the country, DZAQ-TV on October 23, 1953. ABS-CBN was formed by the merger of Alto Broadcasting System ( ABS) and Chronicle Broadcasting Network ( CBN).ĪBS was founded in 1946 by American electronics engineer James Lindenberg as Bolinao Electronics Corporation (BEC).
It is the Philippines' largest entertainment and media conglomerate in terms of revenue, operating income, net income, assets, equity, market capitalization, and number of employees. (Production facilities)ĪBS-CBN Corporation is a Filipino media company based in Quezon City, Metro Manila, Philippines.