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ABS-CBN

corporate Profile

ABS-CBN is the largest integrated media and entertainment company in the Philippines with an asset base of Php24 billion (USD503 million). The company is principally involved in television and radio broadcasting, as well as the production of television programming for domestic and international audiences and other related businesses.

The company operates in three major geographical areas. In the Philippines, the company is involved in broadcasting, cable operation and other businesses. In the United States and other locations (Middle East, Europe, Japan, Australia, and Asia Pacific), the company operates its cable and satellite operations to bring television programming outside the Philippines. The company’s activities outside the Philippines represent approximately 25%, 23% and 20% of total revenues in 2006, 2005, and 2004, respectively.

In 21 July 2005, ABS-CBN and its subsidiary ABS-CBN International signed an affiliation agreement with DirecTV, one of the leading DTH system providers in the US. Under the deal, DirecTV will have the exclusive right to air The Filipino Channel (TFC) package on its DTH platform.


The Company’s Very High Frequency (“VHF”) television network, which consists of its flagship station in Mega Manila, Channel 2, 23 other owned and operated television stations and ten affiliated stations, is the leading television network in the Philippines. The Company also operates Studio 23, the leading Ultra High Frequency (“UHF”) television network with 35 television stations. The two networks reach an estimated 97% and 50% of all television owning households in the Philippines, respectively.

Average audience share is 36% in Mega Manila and 38% in Metro Manila. A new ratings measurement, reflecting national performance, shows that ABS-CBN is the undisputed leader in television viewing in the country – 47% audience share versus 35% for the nearest competitor

ABS 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 (“ABS”). On September 24, 1956, the Lopez-owned Chronicle Broadcasting Network (“CBN”) was organized. In 1957, ABS acquired CBN and on February 1, 1967, the corporate name was changed to ABS-CBN Broadcasting Corporation.

With the imposition of martial law in September 1972, ABS-CBN’s operations ceased since the government took over the Company’s studios and equipment. ABS-CBN resumed commercial operations in February 1986 during the height of the EDSA revolution.

The Company’s congressional franchise, Republic Act No. 7966, which allows the Company to operate television and radio stations, was renewed on March 30, 1995 for 25 years.




Address

Sgt. E.A. Esguerra Ave. cor. Mother Ignacia St., 1103 Quezon City

Head Office

Metro Manila, Philippines

Chairman of the Board

Eugenio L. Lopez III

Board Members Consists of 11 members, including the Chairman

 
Board of Directors
Chairman of the Board Eugenio L. Lopez III
Vice Chairman Augusto Almeda Lopez
Members of the Board          

Maria Rosario Santos-Concio
Oscar M. Lopez
Presentacion L. Psinakis
Federico R. Lopez
Federico M. Garcia, Independent Director
Manuel L. Lopez, Jr.
Jose C. Vitug - Independent Director
Angel S. Ong
Pedro N. Dy-Iiacco -Independent Director


   
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