ABS-CBN Corporation is the largest entertainment and
media conglomerate in the
Philippines. It is one of the core businesses of the
Lopez Holdings Corporation which are headed by an
influential Filipino family. It was formed by the merger of
Alto Broadcasting System (founded as Bolinao Electronics in 1946 by American electronics engineer
James Lindenberg and Antonio Quirino) and the
Chronicle Broadcasting Network (founded in 1952 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, shorted 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 August 2015 has a market capitalization of over 50 billion pesos.