|Traded as||PSE: ABC and ABCPH|
|Predecessors||Philippine Central Broadcasting System (1997 - 2011)|
MPB Primedia, Inc. (2007 - 2011)
|Founded||July 20, 1997|
January 1, 2011 (merger)
|Headquarters||ABC Broadcast Headquarter, #192 Old Bulihan Road, Barangay Old Bulihan, Silang, Cavite, Philippines|
|Key people||Honoka Kousaka (Chairperson, Co-President, CEO)|
Riki Naoe (Vice-Chairman)
Umi Sonoda (Co-President, COO)
|Services||broadcast radio and television, cable television, film and TV production, print publication, music production, news, sports, telecommunications, licensing, merchandising, pay per view, websites|
|Owners||ABC Pacific Media Corporation (65%)|
PCD Nominee Corporation (25%)
ABC Lingap Pilipinas Foundation, Inc. (5%)
Public Stock (5%)
|Parent||ABC Pacific Media Corportion|
Reality and Entertainment Division
Integrated and Informative News and Public/Current Affairs Division
Creative Communications Management
Broadcast City Division
Cable Television And Music Group Division
Integrated and Strategic Infastructure Management
Corporate Social Responsibility Group
|Subsidiaries||List of subsidiaries|
ABC Corporation is a diversified Filipino media conglomerate and one of the Asia's largest multimedia conglomerate. It is the merger of Philippine Central Broadcasting System, Inc. and MPB Primedia, Inc. on January 1, 2011. Both companies are former subsidiaries of Associated Broadcasting Company (ABC-5), which is currently owned by Philippine Long Distance Telephone Company's broadcasting division, MediaQuest Holdings, Inc. in which the ABC-5 branding was used, as a spinoff company. The common shares and PDR (Philippine Depository Receipt) are offered upon the conglomerate's initial public offering on July 13, 2014.
The conglomerate offers broadcast radio and television, cable television, television and radio production, music production, news, sports, telecommunications, licensing, merchandising, pay-per-view and online sevices reaching not only the Philppines, but also to the rest of the world. ABC Corporation and its subsidiaries are majority owned by ABC Pacific Media Corporation, a investment and management company.
Beginnings (1997 - 2003)Edit
In July 20, 1997 the Philippine Central Broadcasting System (PCBS) is founded by virtue of a executive decree (known as the PCBS Act). PCBS began in a single television (PCBS TV-41) and two radio stations (725AM and 105.5FM) located at #304 Congressional Road, Barangay Poblacion 5, General Mariano Alvarez, Cavite. PCBS TV-41 served as a community channel. But Nation Broadcasting Corporation, a subsidiary of MediaQuest Holdings, acquires TV-41 frequency; closing the PCBS TV-41 on December 30, 2000.
On January 1, 2001, PCBS transferred their facilities in its present location at the #192 Old Bulihan Road, Brgy. Old Bulihan, Silang, Cavite. By July 2001, PCBS announced their blocktime agreement with GMA Network to lease Channel 27, which was recently closed by July 25. PCBS began its airing on August 1, 2001 as Central Television 27, continuing its format as a community-based station.
However, Antonio Cojuangco, Jr. invested to PCBS as well as the Channel 27 blocktime. On February 20, 2002, Central Television 27 was rebranded as Dream Channel airing caliber local produced programs and hit imports from European stations like the BBC, RAI, RTE, etc.
As a Subsidiary of ABC5 (2003 - 2008)Edit
On October 2003, Antonio Cojuangco. Jr, acquired full the Associated Broadcasting Company (ABC-5), a media company originally founded by Joaquin "Chino" Roces and by then headed by broadcast veteran Edward Tan. Upon agreement, public owners ceded 51% majority share to the ABC-5. The new management introduced many changes including a stronger news and public affairs division and modernization of its broadcast equipment. By April 1, 2004, PCBS ended its blocktime agreement with GMA and transferred to ABC-owned Channel 47 and was launched as ABC on PCBS 47. For a period of 3 years, PCBS was able to establish regional television and radio stations. By 2007, despite the economic cutoff of the budget of parent ABC, PCBS has been reached 97% of household in the country.
Partnership with MPB PrimediaEdit
On March 2007, Media Prima Berhad, a Malaysian media company and along with a Philippine management partner, founded the MPB Primedia, Inc. acquiring 70% of the latter. MPB Primedia aimed to give television content as well as management consultancy services. By March 2008, MPB Primedia, Inc. agrees on leasing the airtime of ABC-5 and PCBS 47 to make it competitive. MPB Primedia Inc. would produce and source most of the entertainment programs while ABC would continue to be responsible for news programming and operation of the stations.
In parellel to the rebranding of ABC-5 as TV5, on August 9, 2008, PCBS-47 was relaunched as TV5 on PCBS 47. In December 2008, a lawsuit was filed by GMA Network, Inc. against ABC, MPB, and MPB Primedia, alleging that TV5's lease of airtime to Media Prima was intended to circumvent regulations restricting foreign ownership of broadcasting companies. In response, ABC's media relations head Pat Marcelo-Magbanua reiterated that the network was a Filipino company which was self-registered and Filipino-run.
On November 2009, an amendment to the PCBS act was enacted, adding financial assitance to PCBS. In effect of the change, TV5 on PCBS 47 was rebranded as simply TV5 KOmmunity Channel on November 30, 2009, and was able to create its second channel Primedia TV on January 27, 2010.
Acquisition by PLDT Edit
On October 20, 2009, Media Prima announced that it would be divesting its share in TV5, through the MPB Primedia, Inc. as well as the ABC-5 and PCBS-47 ;selling it to the Philippine Long Distance Telephone Company's broadcasting division, MediaQuest Holdings, Inc. The acquisition was officially announced by chairman Manuel V. Pangilinan on March 2, 2010, along with the announcement of a new lineup of programming to debut on the network, along with a new campaign branding itself as the "Kapatid" ("sibling") network. In lieu of the change, TV5 KOmmunity Channel and Primedia TV was merged as TV5 Kapatid Channel by July 20, 2010.
On November 2010, new law was enacted, fully amended the PCBS Act. This legislation, also known as the Comprehensive PCBS Act, restructuring its management, allows additional assistance and opens investment for private businesses. The public owners of PCBS decided to reacquire the 51% stake from PLDT and form a single holding and investment company.
Merger and ExpansionEdit
Meanwhile, MPB Primedia, Inc.and PCBS announced its intention to merge and split from ABC-5. The merger agreement was signed on November 29, 2010 and was approved by the boards of the two companies by December 18. The merger was effective by January 1, 2011 under new corporate name ABC Corporation, carrying the ABC name. A single holding and investment company was formed at the same time as ABC Pacific Media Corporation. A group of investors headed by Nagi Sanzenin took control over ABC Pacific Media, appointing her as the chairperson of the board and CEO.
Immediate changes was implemented. Beginning in television, ABC Corporation launched a new channel, AniMega TV 35 on February 14, 2011 through a blocktime agreement with Delta Broadcasting System of El Shaddai Movement leader Bro. Mike Velarde, which was expired on March 31, 2013. This was followed by the launch of the Quality TV and The Solar Channel on March 2, 2011. On September 2011, ABC Corporation also acquires Ultrasonic Broadcasting Systems, Inc. also known as Energy FM Network, which in turn acquires 106.7FM frequency, formerly owned by now-affiliate ABC-5.
ABC Corporation served as the bridge to air cable television programs to its television channels. In September 2011, ABC Corporation join forces with the Walt Disney Company SEA, Pty. Ltd. to license Disney programs to its new free-tv channels Disney Choice and Disney XD as well as to provide content to the Philippine variant of Radio Disney. The agreement was dissolved by May 31, 2014. On September 2014, ABC Corporation acquired 60% majority shares on AXN Networks Philippines, Inc., Fox International Channels Philippines Corporation and All Youth Channels, Inc., acquiring distribution for all channels of Sony, Fox and Viacom.
Heeding the call for privatization, ABC Corporation began its investment to Intercontinental Broadcasting Corporation (IBC) by March 2011 by signing a blocktime and content partnership agreement with Sony Pictures Television Networks, Asia Pty. Ltd. (SPE Networks Asia) to air programs from Animax Asia on IBC's daytime programming as affiliate TV5 tookover its primetime through AKTV. On December 2011, ABC Corporation announces the acquisition of 70% of IBC, initiating massive revamp on the media company. By expiration of TV5 blocktime agreement by May 2013, IBC was revamped into 2 television channels, namely: IBC1 and IBC2. Its radio division was also revamped.
On July 9, 2013, Radio Philippines Network Broadcasting Corporation, also known as New RPN, was formed to solve the financial constraints due to privatization of Radio Philippines Network, Inc., Animax programs, originally aired on IBC, was transferred, through its new licensee and content provider, The Anime Channel, Inc. (TCI), as a fully pledged free-to-air television channel, RPN-Animax on July 15, 2013. By September 8, 2014, TCI was integrated as a division of RPN, rebranding the channel as Solar Network Channel. New RPN earlier launched its kids channel known as RPN Kids on June 1, 2014, after ABC Corporation's content partnership agreement with the Walt Disney Company SEA, Pty. Ltd. was expired. RPN Kids airs programs from Cartoon Network, Nickelodeon and Disney Channel. New RPN also acquired a 51% majority share of Bombo Radyo Philippines which is effective by September 1, 2014.
On March 2013, television and radio assets of ABC Corporation undergoes major changes, consolidating it into the ABC Broadcast Group Division. Television and radio stations applied branding standards of the British Broadcasting Corporation. TV5 Kapatid Channel was rebranded as ABC One, Quality TV and the Solar Channel was merged to ABC Two, AniMega TV as ABC Three. Additional channels was later added as 9 Manila-based radio stations were launched.
ABC Corporation begins its international expansion through the launch of ABC International Division on March 2011, broadcasting 7 channels throughout major parts of the world. ABC Corporation also acquired majority shares on Tokyo Broadcasting System in Japan, Naspers Media Group in South Africa and Ion Media Group in the United States. It also establishes Myanmar People's Broadcasting System, the first privately owned media company in Myanmar after the advent of civilian rule in 2010.
On October 2013, Nagi Sanzenin ceded her position as Chairperson and CEO to Honoka Kousaka, along with a group infomally named as the Muse Group, which acquire a significant share on ABC Pacific Media.
On July 2014, ABC Corporation began its trading in the Philippine Stock Exchange as the conglomerate launches its mobile telephony and satellite TV service, ABC Telemobile Group and its international counterpart based in Florida; as well as inaugurating the restored Broadcast City, formerly a government owned broadcasting property acquired along with the privatization of IBC on 2012.
New RPN, rebranded as Solar Television Network, Inc., announced the integration of News and Public Affairs division with the Bombo Radyo Philippines and Global News Network, which was acquired last September 1. New RPN channel took the name of Global News Channel on September 26. The Anime Channel, Inc. later signed an affiliation agreement with Intercontinental Broadcasting Corporation to transfer Animax affiliation to its channel on the same day, rebranding IBC-13 to Animax 13. In exchange, IBC 2 was closed and RPN Kids was reverted to ABC Kids on October 1.
ABC Corporation invested to 9Media Corporation which has signed a brand licensing agreement with Turner Broadcasting System Asia-Pacific, Inc. to form CNN Philippines which will be targeted to launch by January 2015.
ABC Corporation's broadcast facilities and other properties are managed by Integrated and Strategic Infrastructure Management. Aside from the regional and global offices, the following are the main facilities by the conglomerate.
ABC Broadcast HeadquartersEdit
The ABC Broadcast Headquarters is the main office and broadcast facilities of ABC Corporation, subsidiaries and affiliates. located at #192 Old Bulihan, Silang, Cavite. Opened by 2001, it is one of the country's largest and most technologically advanced broadcast facility, capable of broadcasting multiple and simultaneous live SD or HD audio-video feeds to any parts of the world and vice versa.
The ABC Broadcast Headquarters is divided into 3 compounds:
- Television Center, where television programs for the ABC Broadcast Group is produced. Consisting of 15 studios, The building featured a central circular block (officially known as the Main Block, but often referred to by staff as the "doughnut") around which were studios, offices, engineering areas and the News Centre. In the centre of the main block was a statue designed by T.B. Huxley-Jones of Helios, the Greek god of the sun, to symbolise the radiation of television around the world. At the foot of the statue were two reclining figures, symbolising sound and vision, the components of television. The overall design from the air appeared to resemble a question mark in shape.
- Broadcast Center, where the Radio, and the News and Current/Public Affairs divisions are situated. The Broadcast Center consists of 9 live radio booths, 20 radio production rooms, 9 studio for ABC News Television Group, Global Radio Service and a Newsroom.
- Corporate Communications Center is a high-end 15-storey building with three basement-level parking areas. It occupies 10,000 square meter of land area and it has a 101,608.32 square meter of gross floor area. The ground floor level is a retail area, 2nd to 3rd floors are studios and technical rooms, 8th to 12th floors are corporate offices while 13th to 15th floors are the executive offices. The 4th to 7th floors of the building are leased to other companies.
ABC Broadcast City CompoundEdit
Originally constructed in 1978, the broadcast compound is acquired by ABC Corporation in 2012 following the conglomerate's privatization of Intercontinental Broadcasting Corporation (IBC). The ABC Broadcast City Compound, located at Capitol Hills, Diliman, Quezon City; is the headquarters of the conglomerate's Broadcast City Networks division. It consists of 10 mixed use studios and 6 sound stages, apart from a broadcast facility wherein IBC and Solar TV are currently situated.
ABC Media Convergence CenterEdit
Originally constructed in 1991, the compound is acquired by ABC Corporation in January 2014 after the affiliate TV5 transfers to TV5 Media Center in Mandaluyong City. The facility serves as the main offices of the Media Convergence division of the conglomerate.