ABS-CBN
|
ABS-CBN Corporation is the largest entertainment and media
conglomerate in the Philippines. It is one of the core company which makes up
the Lopez Group, a group of companies and conglomerates headed by an
influential Filipino family. It was formed by the merger of Alto Broadcasting
System (founded as Bolinao Electronics Corporation in 1946 by American
electronics engineer James Lindenberg and Antonio Quirino) and the Chronicle
Broadcasting Network (founded in 1956 by media tycoon Eugenio Lopez, Sr. and
his brother, the then-Philippine Vice-President Fernando Lopez). It was
incorporated as the ABS-CBN Broadcasting Corporation on February 1, 1967, and
it shortened its corporate name to simply ABS-CBN Corporation in 2010 to
reflect the company's diversification. The common shares of ABS-CBN were
first traded in the Philippine Stock Exchange in July 1992 under the ticker
symbol ABS and as of March 2016 has a market capitalization of over 50
billion pesos.
|
First
Subscribe to:
Post Comments (Atom)