ABS-CBN Corporation
The most profitable among the Lopez family-owned companies, ABS-CBN Corporation built a media empire and was at the top of its game in broadcasting, often trumping rival television and radio stations. It was considered the Philippines’ largest television and radio network, with an extensive reach and was the main source of news and information for hard-to-reach areas especially in times of calamities and disasters.
The Lopez family owns approximately 70.471% shares in ABS-CBN Corporation mainly through their holding company Lopez, Inc. — the parent company of the former network — which owns 55.82% shares. Meanwhile, family members like Ernesto L. Lopez and the late Manuel M. Lopez also directly holds 0.01% and 0.02% shares, respectively, in ABS-CBN Corporation.
Aside from Lopez, Inc., other companies owned by the Lopezes with stakes in ABS-CBN Corporation are its 90%-owned ABS-CBN Holdings Corporation, which holds 16.19% shares in the broadcast company, Crème Investment Corporation with 0.05%, and Croslo Holdings Corporation with 0.01%.
According to its list of top 100 stockholders as of December 2023, the second biggest group of stockholders in ABS-CBN Corporation are owners of shares entrusted to the PCD Nominee Corporation with 25.74% followed by ABS-CBN employees with 0.25%.
The rest of the stockholders only own very small or 0% shares such as businessman and singer-composer Jose Mari L. Chan with 0.14%, Quezon City Mayor Josefine “Joy” G. Belmonte and her father Feliciano Belmonte Jr. with 0.01%, and ABS-CBN anchor Manuel Leuterio “Noli” de Castro Jr. with 0.01%.
ABS-CBN Shutdown
On July 10, 2020, the House Committee on Legislative Franchises denied the network’s application for renewal of its franchise, drastically changing the media landscape in the Philippines.
Despite the shutdown of its broadcast operations, ABS-CBN Corporation remains a major player in the media industry. The network not only survived the shutdown, it continues to make its presence felt by rebranding as the country’s leading multi-media content provider. The move reshaped local media competition in the country, ending the “network wars” and giving rise to partnerships between former competitors.
Mother Company
Lopez, Inc.
Business Form
Private
Legal Form
Stock Corporation
Business Sectors
Real estate | ABS-CBN Integrated and Strategic Property Holdings, Inc. # Restaurant and food | The Chosen Bun, Inc. # Restaurant and food | TV Food Chefs, Inc. # Non-vessel common carrier | ABS-CBN Global Cargo Corporation # Educational/training | ABS-CBN Center for Communication Arts, Inc. # Holding company | ABS-CBN Global Ltd. # Holding company | ABS-CBN Global Hungary Kft. # Holding company | Makati Kft. # Holding company | Rosetta Holdings Corporation (RHC) # Holding company | Callirrhoe, Inc. # Holding company | Eukelade Holding Corporation # Holding company | Sapientis Holdings Corporation (Sapientis) # Holding company | Columbus Technologies, Inc. (CTI) # Holding company | ABS-CBN Theme Parks and Resorts Holdings, Inc. # Holding company | Sky Vision Corporation (Sky Vision) # Holding company | Sun Cable Holdings, Incorporated (SCHI) # Holding company | Telemondial Holdings, Inc. # Money remittance | ABS-CBN Europe Remittance Inc. # Money remittance | E-Money Plus, Inc. # Money remittance | ABS-CBN Global Remittance Inc. # Money remittance | ABS-CBN Canada Remittance Inc. # Support services | ABS-CBN Shared Service Center PTE. Ltd. # Support services | Probabilistic Insights, Inc. # Support services | Daum Kakao Corporation (50%) # Support services | The Flagship, Inc. (40%) # Livestock | Grassfed Corporation # Call center | iConnect Convergence, Inc. # Marketing, sales, and advertising | Medianow Strategies, Inc. # Location management | ABS-CBN Themed Experiences, Inc. # Theme park | Play Innovations, Inc. # Theme park | Play Innovations Hungary Kft. # Boxing promotions | ALA Sports Promotions International, Inc. (44%)
Individual Owner
PCD Nominee Corporation
PCD Nominee Corporation is a financial holding corporation that holds legal title to immobilized shares lodged in the Philippine Central Depository, Inc system. and operates as a subsidiary of Philippine Central Depository. Aside from holding shares in ABS-CBN Corporation, the PCD Nominee Corporation also holds shares in the GMA Network.
PCD Nominee Corporation represents individuals or companies with investments in corporations, as trustee-nominee, and handles securities transactions such as buying and selling of stock shares. Investors, whose shares are held in trust by PCD Nominee Corp. are the beneficial owners. However, they don’t always disclose their identities.
ABS-CBN did not disclose the full list of beneficial owners of the shares entered into the system of PCD Nominee Corporation, except to say they are all Filipino citizens.
ABS-CBN employees
Several employees of ABS-CBN Corporation who agreed to a pay reduction were given the option to buy shares in the company. As of December 2023, their collective total shares is 2,291,245 or 0.25% of the ABS-CBN Corporation that is registered under the title “ABS-CBN FAO VARIOUS PARTICIPANTS OF SPP1 AND SPP2.”
Employees under the ABS-CBN Stock Purchase Plan 1 (SPP1) were company employees who agreed to a pay reduction from September 2020 until February 2021, while those covered by the ABS-CBN Stock Purchase Plan 2 (SPP2) received pay cuts from March to December 2021.
Other TV Outlets
ABS-CBN News Channel
Kapamilya Channel
CineMo
Jeepney TV
Cinema One
Knowledge Channel
Metro Channel
Myx
Other Radio Outlets
DWPM Radyo 630 (49% company shares)
Other Online Outlets
abscbn.com
https://news.abs-cbn.com/
https://ent.abs-cbn.com/
https://push.abs-cbn.com/
https://www.starmagicph.com/
https://www.iwanttfc.com/
Starstudio.ph
Media Business
Cable and satellite programming
ABS-CBN Europe Ltd.
ABS-CBN Japan, Inc.
ABS-CBN Middle East FZ-LLC
ABS-CBN International, Inc.
ABS-CBN Australia Pty. Ltd.
ABS-CBN Canada, ULC
Cable television services
Sky Cable Corporation (Sky Cable)
Bisaya Cable Television Network, Inc.
Bright Moon Cable Networks, Inc.
Cavite Cable Corporation
Cepsil Consultancy and Management Corporation
Davao Cableworld Network, Inc.
HM Cable Networks, Inc.
HM CATV, Inc.
Hotel Interactive Systems, Inc.
Isla Cable TV, Inc.
Moonsat Cable Television, Inc.
Pilipino Cable Corporation (PCC)
Satellite Cable TV, Inc.
Sun Cable Systems Davao, Inc.
Sunvision Cable, Inc.
Tarlac Cable Television Network, Inc.
JMY Advantage Corporation
Cebu Cable Television, Inc.
Suburban Cable Network, Inc.
Pacific CATV, Inc. (Pacific)
First Ilocandia CATV, Inc.
Pacific CATV, Inc.
First Ilocandia CATV, Inc.
Mactan CATV Network, Inc.
Discovery Mactan Cable, Inc.
Home-Lipa Cable, Inc.
Radio production
Media Serbisyo Production Corporation (49%)
Business
Real estate
ABS-CBN Integrated and Strategic Property Holdings, Inc.
Restaurant and food
The Chosen Bun, Inc.
TV Food Chefs, Inc.
Non-vessel common carrier
ABS-CBN Global Cargo Corporation
Educational/training
ABS-CBN Center for Communication Arts, Inc.
Holding company
ABS-CBN Global Ltd.
ABS-CBN Global Hungary Kft.
Makati Kft.
Rosetta Holdings Corporation (RHC)
Callirrhoe, Inc.
Eukelade Holding Corporation
Sapientis Holdings Corporation (Sapientis)
Columbus Technologies, Inc. (CTI)
ABS-CBN Theme Parks and Resorts Holdings, Inc.
Sky Vision Corporation (Sky Vision)
Sun Cable Holdings, Incorporated (SCHI)
Telemondial Holdings, Inc.
Money remittance
ABS-CBN Europe Remittance Inc.
E-Money Plus, Inc.
ABS-CBN Global Remittance Inc.
ABS-CBN Canada Remittance Inc.
Support services
ABS-CBN Shared Service Center PTE. Ltd.
Probabilistic Insights, Inc.
Daum Kakao Corporation (50%)
The Flagship, Inc. (40%)
Livestock
Grassfed Corporation
Call center
iConnect Convergence, Inc.
Marketing, sales, and advertising
Medianow Strategies, Inc.
Location management
ABS-CBN Themed Experiences, Inc.
Theme park
Play Innovations, Inc.
Play Innovations Hungary Kft.
Boxing promotions
ALA Sports Promotions International, Inc. (44%)
General Information
Founding Year
1946
Affiliated Interests Founder
is the son of former Iloilo governor Benito Lopez and the elder brother of former Vice President Fernando Lopez.
Employees
ABS-CBN and its subsidiaries had 3,867 regular employees, 324 project employees, 626 program-based employees, and 884 independent contractors as of December 31, 2022
Contact
ABS-CBN Corporation
Sgt. E.A Esguerra Avenue
Quezon City Philippines 1103
(+632) 8924 - 4102
Abs-cbn.com
Tax/ ID Number
000-406-761-000
Financial Information
Revenue (Financial Data/ Optional)
243,449,415.00 US$ / 13.5 billion PhP
Operating Profit (in Mill. $)
Missing Data
Advertising (in % of total funding)
87,279,496.819 US$ / 4,829 billion PhP
Management
Executive Board
Chairman of the Board of Directors, and previously the Vice President and Chief Information Officer of Meralco.
Director since 1988, Vice Chairman of the Board since 1989, Director of the First Philippine Holdings Corporation (FPHC), First Philippine Industrial Corporation (FPIC), and ADTEL Inc, Chairman of the Board of ACRIS Corporation. He died in February 2024 at age 95.
President and Chief Executive Officer since 2016, and became a Director in the same year. He briefly served as Chief Operating Officer in 2015. He served as Managing Director of Sky Cable and ABS-CBN Interactive. He is a cousin of Martin L. Lopez.
He has been at the helm of the broadcast giant as Chief Executive Officer during the shutdown.
Board Member and Director since 1992, Chairman of the Programming Committee, member of the Compensation Committee for the Chairman and CEO and Risk Management Committee.
Board Member and Director since 1999, Chairman and Chief Executive Officer of First Philippine Holdings Corporation (FPH), First Gen Corporation (First Gen), and Energy Development Corporation (EDC), Vice Chairman of Rockwell Land Corporation, Chairman of the Oscar M. Lopez Center for Climate Change Adaptation and Disaster Risk Management Foundation (The OML Center) and the Sikat Solar Challenge Foundation, Member of the Board of Trustees of the World Wildlife Fund Philippines, the Philippine Disaster Recovery Foundation, and the Forest Foundation Philippines, Member of the World Presidents Organization, Asia Business Council, ASEAN Business Club, New York Philharmonic International Advisory Board, Management Association of the Philippines, Philippine Chamber of Commerce and Industry, European Chamber of Commerce of the Philippines, and Makati Business Club.
Board Member and Director since 1992, Chairman of the Programming Committee, member of the Compensation Committee for the Chairman and CEO and Risk Management Committee.
Board Member and Director since 1966, Chairman Emeritus to First Philippine Holdings Corp., Lopez Holdings Corporation, First Gen Corporation, Energy Development Corp., Rockwell Land Corp., and First Philippine Industrial Park, Management Association of the Philippines' Management Man of the Year 2000, the first Filipino businessman awarded the Officer's Cross of the Order of Merit of the Federal Republic of Germany in 2005, 2009 Outstanding Filipino (TOFIL) Award in Business.
Board Member and General Counsel, Director since 2020, Board Adviser of First Philippine Holdings Corporation, Founding Partner and Managing Partner of the Poblador Bautista and Reyes Law Office.
Board Member and Director since 2010, President, Chief Operating Officer, and Chief Finance Officer of Lopez Holdings Corporation.
Non-Executive Board
Board Member and Independent Director since 2013, Professor of Economics at the University of the Philippines School of Economics since 1989, President of Human Development Network (Philippines) since July 2012, Dean of the University of the Philippines School of Economics from 2007 to 2010, member of the Board of Advisers to the Board of Directors of the Corporation from 2011 to 2013, member of the Board of Trustees of Pulse Asia (Phils.), Inc. since 2008.
Board Member and Independent Director since 2021, professor emeritus of sociology at the University of the Philippines in Quezon City, where he retired as a Full Professor in 2010. Columnist, Philippine Daily Inquirer, Talk show host, author, international university lecturer, Renowned intellectual in the field of mass media, social sciences, and education.
Board Member and Independent Director since 2021, Founder and Managing Partner of The Navegar Fund. Director for entities under The Bistro Group and Bo’s Coffee, Director of Camp Resources and Asia Digital Holdings.
Board Member and Independent Director since 2021, professor emeritus of sociology at the University of the Philippines in Quezon City, where he retired as a Full Professor in 2010. Columnist, Philippine Daily Inquirer, Talk show host, author, international university lecturer, Renowned intellectual in the field of mass media, social sciences, and education.
Supervisory Board
Missing Data
Other Influential People
is a singer-songwriter and sugar magnate in the Philippines. He is the fourth top stockholder of ABS-CBN Corporation with 0.14% shares.
is a former Vice President of the Philippines under Gloria Macapagal-Arroyo. De Castro is a broadcaster on ABS-CBN’s primetime news program TV Patrol and became a household name because of that. He is also the top 187 stockholder of ABS-CBN Corporation with 0.01% shares.
Are the top 19th shareholder of ABS-CBN Corporation with 0.01% shares. The Bemontes are a political dynasty in Quezon City. Ma. Josefina "Joy" G. Belmonte is currently the Mayor of Quezon City, an elective position used to be held by her father, Feliciano R. Belmonte, Jr. The latter also served as a Congressman in the 4th District of the City and also became House Speaker. They are the top 20 stockholder of the corporation. The Belmonte family is also involved in the management and operations of The Philippine Star and its companies.
is a television host and TV and movie actress, youngest daughter of former Philippine president Corazon Aquino, and sister of former president Benigno S. Aquino III. It was her mother who returned the ABS-CBN 2 to the Lopezes through an executive order. She is also the top 43 stockholder of ABS-CBN Corporation with 0.01% shares.
Further Information
Meta Data
ABS-CBN Corporation is a publicly listed corporation and is required by law to disclose all company details.
The Securities Regulation Code, Republic Act 8799, which was enacted into law in 2000, lays down stringent disclosure requirements for companies that wish to make a public offering or that are already publicly listed, including who its beneficial owners are.
The Securities and Exchange Commission’s Memorandum Circular No. 11, series of 2014, requires all publicly listed companies to post on their websites the following information, among other things:
1) Company profile, mission and vision, Board of Directors, organizational structure, shareholding structure, Articles of Incorporation and By-Laws;
2) The disclosures required by the SEC, including periodic reports, statement of beneficial ownership and the General Information Sheet;
3) Manual on Corporate Governance, Annual Corporate Governance Reports;
4) Company policies on whistleblowing, conflict of interest, insider trading, related party transactions, health and welfare of staff;
5) Investor relations programs and shares, including the total outstanding shares, exchanges where the shares are listed, and the top 20 shareholders of the company.
Audience share based on Nielsen's Philippine Media Landscape Report Q2, 2023 and Reuters Institute for the Study of Journalism's Digital News Report 2023 for the Philippines.
Revenue and advertising profit figures are as of the third quarter of 2023, while the list of top 100 stockholders is as of December 2023.
Currency conversion based on the Php - USD exchange rate for 30 November 2023.
Media Landscape Report for Quarter 2, 2023, available upon purchase from Nielsen Company (US), LLC
