ABS-CBN Corporation

media and entertainment conglomerate in the Philippines

ABS-CBN Corporation (also known alternatively and secondarily, and formerly primarily as ABS-CBN Broadcasting Corporation) is a Filipino media company based in Quezon City, Metro Manila, Philippines. It is the largest radio broadcaster, entertainment television production, program syndication provider and media conglomerate in the Philippines. It is a subsidiary of Lopez Holdings Corporation which is owned by the López family ABS-CBN was formed by the merger of Alto Broadcasting System (ABS) and Chronicle Broadcasting Network (CBN).

ABS was founded in 1946 by American electronics engineer James Lindenberg as Bolinao Electronics Corporation (BEC). 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. The company that would later be merged with ABS to form ABS-CBN was founded in 1956 as Chronicle Broadcasting Network, Inc. (CBN) by Eugenio Lopez Sr. and his brother Fernando Lopez, who was the sitting Vice President of the Philippines. A year later, the Lopezes acquired ABS. The ABS-CBN brand was first used on television in 1961.

The company became known as ABS-CBN Broadcasting Corporation on February 1, 1967. The conglomerate then changed its primary name to simply ABS-CBN Corporation in October 1, 2008 during the 55th anniversary of the television network of the same name, to signify its diversification. Due to the change in the conglomerate's primary name, the ABS-CBN Broadcasting Corporation name is now used as the company's alternative and secondary name in certain contexts. The common shares of ABS-CBN were first traded on the Philippine Stock Exchange in July 1992 under the ticker symbol ABS.

History

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In 1946, when James Lindenberg was about to make it a radio called Bolinao Electronics Corporation, they settled all the equipment.

In 1950, James Lindenberg was been made a new transmitter using two mango trees and it been protected by lightning rod. And then in 1964, ABS-CBN was been first time using Color television.

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