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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 was 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.
It owns and operates two national television networks (ABS-CBN and S+A), two regional radio networks (Radyo Patrol and My Only Radio For Life!), six international television channels (ABS-CBN News Channel, S+A, Cinema One, Lifestyle, Myx TV, and The Filipino Channel), two international radio channels (MOR 101.9 and DZMM Radyo Patrol 630), along with subsidiaries and divisions dealing in telecommunications (ABS-CBN Mobile and Sky), cable television programming and distribution (ABS-CBN Cable Channels), news distribution (ABS-CBN News), sports programming (ABS-CBN Sports), regional programming (ABS-CBN Regional), digital media (ABS-CBN Digital Media), film and television production and distribution (Star Cinema), music and video production and publishing (Star Music), print publishing (ABS-CBN Publishing), talent development and management (Star Magic), home TV shopping (O Shopping), and a theme park (KidZania Manila). It is also the principal owner of ABS-CBN Philharmonic Orchestra along with its sister company First Philippine Holdings Corporation.