
ABS-CBN BROADCASTING CORPORATION
Sector: MEDIA
Incorporation Date: 11 June 1946
Extension: --
Corporate Life: 50 years
As per AOI:
Number of Directors: 11
Ownership Restrictions: --
As per By-Laws:
Stockholders Meeting: May - last Thursday
Fiscal Year: 01 January to 31 December
Business Address: ABS-CBN Broadcasting Centre CompleX
Tel. No/s: 924-4101 to 4122; 415-2272 loc. 4312/4545
Fax No/s: 431-9368
URL: http://www.abs-cbn.com
BUSINESS PROFILE
ABS-CBN Broadcasting Corporation (ABS) is the largest integrated media and entertainment company in Philippines. It traces its roots from Bolinao Electronic Corporation (BEC), which was established in 1946 as an assembler of radio transmitting equipment. In 1952, BEC changed its corporate name to Alto Broadcasting Corporation (ABC). On 24 September 1956, the Lopez-owned Chronicle Broadcasting Network (CBN) was organized and acquired ABC a year later. On 01 February 1967, the corporate name was changed to ABS-CBN Broadcasting Corporation.
ABS ceased operations with the imposition of martial law in September 1972 as the government took over the Company's studios and equipment. The Company resumed commercial operations in February 1986 during the height of the EDSA revolution. It went public on 08 July 1992.
Its broadcasting operations cover the production of television and radio programs that serve its target audience's needs for news, information and entertainment, and public service. Its Congressional Franchise was renewed for another 25 years on 30 March 1995 to allow the Company to continue operating its television and radio stations.
ABS has an overall rating (average number of people who are watching for every minute the program aired) of 15.9% and audience share (proportion of viewers watching a specific program out of all people watching television during the airing of said program) of 43.3% in Mega Manila in 2003.
*Source: SEC Form 17-A
DISCLAIMER
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party. Copies of these reports are available for viewing and photocopying at the PSE libraries at PSE Center in Ortigas and PSE Plaza in Ayala during its official operating hours.