ABS-CBN Broadcasting Corporation (PSE: ABS)
(ABS-CBN: "Alto Broadcasting System-Chronicle
Broadcasting Network"), a Philippine multi-media
conglomerate, is the largest integrated media and
entertainment company in the Philippines with an
asset base of more than PHP32.5 billion (US$666.8
million) as of June 2008. ABS-CBN 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. It was founded on June 13, 1946,
becoming Asia's first commercial television
broadcaster. It is part of the Lopez Group of
Companies. It also broadcasts content to the rest of
the world through The Filipino Channel.
The network's main broadcast facilities, news
headquarters, transmitter and satellite operations
and studio complex are located at the ABS-CBN
Broadcast Center at Barangay Laging Handa, Diliman,
Quezon City. In Metro Manila, its terrestrial VHF
station is Channel 2 (DWWX-TV) while its terrestrial
UHF station is Studio 23 (DWAC-TV). The company is
slated to begin broadcasting digital television
starting in January 2008,[5][6] although it has been
presumably delayed since there were no announcement
during the entire month of January that the signal
is now digitized. It is now expected to begin its
digital broadcasting by the end of 2008.
On March 3, 2008, Executive Vice-President Charo
Santos-Concio had been promoted as 5th president of
ABS-CBN Broadcasting Corp., taking over from interim
president Eugenio Lopez III History
Beginnings
The nucleus of what ABS-CBN would be began in
1946 with Bolinao Electronics Corporation (BEC). BEC
was put up by James Lindenberg, an ex-GI and
electronics engineer who went into radio equipment
assembly and radio broadcasting. At that time, the
giant Philippine network was Manila Broadcasting,
with DZRH as the top station.
In the 1951, Lindenberg partnered with Antonio
Quirino, brother of then President Quirino, in order
to try their hand at television broadcasting. In
1952, BEC was renamed as Alto Broadcasting System or
ABS. "Alto" was a contraction of Quirino’s and his
wife’s first names, Tony and Aleli. Though they had
little money and resources, ABS was able to put up
its TV tower by July 1953 and import 300 television
sets. The initial test broadcasts began on September
of the same year. The very first full-blown
broadcast, however, was on October 23, 1953, of a
party in Tony Quirino's home. The broadcasting
channel was known as DZAQ-TV Channel 3.
Merger
The logo of ABS-CBN after its formal merger in
1967In turn, on September 24, 1956, the Chronicle
Broadcasting Network (CBN) was organized. The
network was owned by Don Eugenio Lopez Sr. The
following year, Don Eugenio acquired ABS from
Quirino and Lindenberg. However, it was only on
February 1, 1967 that the corporate name was changed
to ABS-CBN Broadcasting Corporation.
In the late 1950s, Don Eugenio's son, Geny Lopez Jr.
saw the potential of TV to reach and link Filipinos
across the archipelago. Therefore, by 1961, the
station extended its reach to the provinces through
the ABS tower in Cebu. By the mid-1960s, the ABS
network was leading the radio industry, with
stations like DZXL and DZAQ Radyo patrol, which
featured journalists like Orly Mercado, Joe Taruc,
Bobby Guanzon, and Rey Langit. ABS also made
breakthroughs in the TV industry by achieving the
country's first color TV broadcast, first satellite
feed, first use of videotape, among others. It
featured top shows then, such as Buhay Artista, Your
Evening with Pilita, Tawag ng Tanghalan, and Student
Canteen, among others.
On December 18, 1968, ABS-CBN opens its new
Broadcast Center on Bohol Avenue, Quezon City, where
it stands till today. At the time, it was the most
advance facility of its kind in Asia. The station
again made breakthroughs by using live satellite
transmissions from abroad, foremost of which was the
first moon landing in 1969. The network enjoyed a
big chunk of the ratings, and until mid-1970, ABS
was the only TV network broadcasting in color.
Martial Law era
The station suffered a setback, though, upon the
declaration of Martial Law. Midnight of September
22, 1972, a day after the declaration of Martial
Law, ABS-CBN and its affiliate stations were seized.
Geny Lopez, the network president, was imprisoned
and held without trial for five years until he and
his cellmate Sergio Osmeņa Jr. launched a daring
jailbreak in 1977 and sought asylum in the US. The
network itself was taken over by a presidential
crony. The network, as ABS-CBN, ceased operations
for 14 years. Instead, the Broadcasting Center at
Bohol Avenue became the source of new channels,
MBS-4 and BBC-2.
Continuing of ABS-CBN's Operations
The station, however, returned on the air by
February 1986, as a result of the People Power
Revolution. At the height of the EDSA revolution,
military reformists, believing that television would
be a powerful tool to aid the revolution, attacked
and took over the ABS-CBN Broadcasting Center. On
February 24, former ABS-CBN talents put the station
back on the air and televised the drama of the EDSA
revolution, thereby contributing to the strength of
the revolt.
Growth
The logo of ABS-CBN when it was revived in 1987On
February 28, 1986, after the Marcos regime was
brought to its end by the revolution, Geny Lopez
returned to the country and started rebuilding what
was left of the station. Recovery was difficult and
resources were low. Hence, former ABS-CBN employee
Freddie Garcia was brought in to rework the
station's programming. By 1988, ABS-CBN had regained
its foothold in Philippine TV ratings.
In 1987, ABS-CBN also beefed up their news programs
with TV Patrol, anchored by current Vice-President
Noli de Castro. Other reputable news programs
followed, such as Magandang Gabi, Bayan and Hoy
Gising! and top-rating talk shows like Mel & Jay and
Teysi ng Tahanan. The entertainment programs of ABS-CBN
were also beefed up with a mix of programs that
aired previously on RPN-9 and IBC-13 (Eat Bulaga,
Okay Ka Fairy Ko, The Sharon Cuneta Show, Coney
Reyes on Camera) while producing homegrown shows
through the years that made an impact on Filipino
viewers (The Maricel Drama Special, Palibhasa Lalake,
Home Along Da Riles, etc.)
In 1988, ABS-CBN shifted to satellite broadcast,
enabling the entire country to watch the same
programs simultaneously. Slowly, the station inched
its way to financial recovery, which it achieved by
1990. It regularly garnered around 70% of the
market.
Now, ABS-CBN has extended its foothold as a national
network. According to their website, they reach 97%
of all households in the country. Likewise, they
provide content for Studio 23 on UHF and for the
ABS-CBN News Channel (ANC), Hero, MYX, Knowledge
Channel, Lifestyle Network, and Cinema One on cable.
Expansion
Aside from its flagship terrestrial network ABS-CBN
2 Manila, ABS-CBN broadcasts to many predominantly
Filipino enclaves in the Middle East, United States,
Europe, Australia and several other countries via
The Filipino Channel or TFC. The network has also
diversified into film (Star Cinema - ABS-CBN Film
Productions, Inc.), music recording (Star Records),
publishing (ABS-CBN Publishing), and interactive
media (ABS-CBN Interactive). In August 2008 it inked
a deal with Sorenson Pacific Broadcasting to
broadcast news and other content from the network
and its sister channels to its television and radio
broadcasting properties in Guam and The CMNI.
The network has also introduced its second
terrestrial channel, Studio 23 (UHF band) in 1996,
as well as cable channels MYX (a music channel),
ABS-CBN News Channel (a cable news channel),
CinemaOne Global/Cinema One (a cable movie channel),
the Lifestyle Network (home and lifestyle channel),
Pinoy Central TV (regionally produced shows. This
channel was replaced by Kapamilya Channel), Hero
(the country's first Tagalog-dubbed anime channel),
DZMM TeleRadyo (the country's first interactive TV
on Radio) and Knowledge Channel (all educational
channel). Recently in the first quarter of 2008
three additional cable channels namely Balls (Sports
Channel), Velvet (women's Channel) and Maxxx (all
men focus channel). The network's radio stations
include DWRR 101.9 (FM-Manila) and DZMM 630 kHz
(AM-Manila).
ABS-CBN has established regional stations and news
bureaus to handle operations in different areas
throughout the Philippines. It also broadcasts to
locations all over the world via The Filipino
Channel, managed by ABS-CBN International. Shows are
also available for live viewing and subscription via
the Internet through ABS-CBN Interactive's ABS-CBNNow!
service.
ABS-CBN affirms its social responsibility in its
slogan, "In the Service of the Filipino", and
through the work of the ABS-CBN Foundation. Through
multimedia, the foundation has delivered E-TV
(Educational Television) VCDs to hundreds of public
schools in the country that benefitted students. The
foundation is also the umbrella organization of such
foundations such as the Knowledge Channel (KCh)
Foundation, Bantay Bata (Children's Watch), Bantay
Kalikasan (Environment Watch), and ABS-CBN Bayan
Foundation (formerly, ABS-CBN Bayan MicroFinance).
The Kapamilya network
In 2003, during the television station's 50th
anniversary, ABS-CBN launched its present slogan, "Kapamilya"
(literally means "a member of the family"), which it
believes reaffirms the network's commitment to
quality programming that will foster the morals and
values that are ostensibly upheld in many Filipino
families.
Its international unit ABS-CBN Global Ltd. plans to
undertake an initial public offering (IPO) the
following year and might list on the Singapore Stock
Exchange to help finance its expansion plans.
The network celebrated its golden anniversary in
2003. The network held its Kapamilya Homecoming,
which gathered over 4,000 former employees and
talents for a grand reunion at ABS-CBN’s compound in
Bohol Avenue, Quezon City. The network also launched
a promo called "Treasure Hunt", where the people
were invited to bring their oldest television, radio
sets, microphones, and posters. The network also
celebrated its 16th year reign in the TV ratings,
with 13 of their shows included in the Top 15 daily
programs in TV. ABS-CBN also launched new shows such
as the then phenomenal Meteor Garden etc. The
company also did a nationwide caravan, showcasing
the network's talents.
On October 2003, the network held a month-long
celebration of ABS-CBN and Philippine TV's 50th
year. The station produced two commemorative
documentaries about the station's contribution in
news and entertainment. Sa Mata ng Balita
encapsulated some of the most unforgettable, most
remarkable, and most celebrated landmarks of the
last 50 years as captured by television news. 50
Taong Ligawan: The Pinoy TV History, on the other
hand, was the first extensive television documentary
done about the history of Philippine Television and
the evolution of Philippine entertainment. For the
celebration's finale, the broadcasting giant capped
its 50th anniversary with a spectacular extravaganza
dubbed as Kapamilya: ABS-CBN at 50, held at the
Philippine International Convention Center (PICC) in
Pasay City. It was hailed as one of the biggest
media events of the year. The Lopez-led network
rolled out the red carpet to welcome its
high-profile guests from the business, advertising
and media sectors, politics, members of the
diplomatic community, with many of the society’s
luminaries and glitterati. Valued friends and
supporters of the network throughout the five
decades also attended the grand affair. The
network's official 50 Years station id won an Award
for Excellence in the 2004 Golden Quill Festival.
On November 7, 2006, ABS-CBN unveiled its flagship
coffeetable book, "Kapitan: Geny Lopez and the
Making of ABS-CBN." The 453-page book chronicles the
hardships and odds that the network founder had to
face, as well as the achievements and contributions
of ABS-CBN in Philippine Television history. The
book won various awards, including Best
Biography/Autobiography in the 26th National Book
Awards, and a merit award in the publications
category of the 2007 Gold Quill Awards.
On September 29, 2007, ABS-CBN acquired the
exclusive rights to the whole movie library of the
late Fernando Poe, Jr., after Susan Roces signed the
contract. ABS-CBN Chairman Eugenio Lopez III, Cory
Vidanes, Senior Vice President of TVP Production,
and Poe’s daughter Grace Poe-Llamanzares were
present.
On May 23, ABS-CBN was one of the three stocks
delisted at the PSE Composite Index. |