July 28, 2017 5:57 AM ET

Media

Company Overview of ABS-CBN Corporation

Company Overview

ABS-CBN Corporation, together with its subsidiaries, engages in the television and radio broadcasting businesses in the Philippines, the United States, the Middle East, Europe, Australia, Canada, and the Asia Pacific. The company operates through: TV and Studio, Pay TV Networks, and New Businesses segments. It creates and distributes content, including tele series, drama anthologies, situation comedies, reality and game shows, and news and public affair programs through free TV and radio with Channel 2 and DZMM platforms; and distributes content through direct to home, Internet protocol television, mobile, and online. The company also engages in film distribution, money remittance, retail an...

ABS-CBN Broadcasting Center

Sgt. Esguerra Avenue Corner Mother Ignacia Street

Quezon City,  1103

Philippines

Founded in 1946

6,304 Employees

Phone:

63 2 415 2272

Key Executives for ABS-CBN Corporation

ABS-CBN Corporation does not have any Key Executives recorded.

ABS-CBN Corporation Key Developments

ABS-CBN Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017

ABS-CBN Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported operating revenue of PHP 9,576,150,000 against PHP 9,894,249,000 a year ago. Net income before tax was PHP 369,811,000 against PHP 1,008,376,000 a year ago. Net income after tax was PHP 314,398,000 against PHP 760,632,000 a year ago. Net income Attributable to parent equity holders was PHP 421,941,000 or PHP 0.51 per basic and diluted share against PHP 839,168,000 or PHP 1.02 per basic and diluted share a year ago. Interest income was PHP 45,595,000 against PHP 52,244,000 a year ago. Net cash provided by operating activities PHP 796,326,000 against PHP 1,838,041,000 a year ago. Additions to property and equipment were PHP 1,503,333,000 against PHP 1,002,987,000 a year ago. EBITDA was PHP 1,748,553,000 against PHP 2,183,957,000 a year ago.

ABS-CBN Corporation, Q1 2017 Earnings Call, May 19, 2017

ABS-CBN Corporation, Q1 2017 Earnings Call, May 19, 2017

ABS-CBN Corporation Announces Executive Changes

The board of Directors of ABS-CBN Corporation accepted the resignation of Mr. Donald Patrick L. Lim as Head of Digital Media Division to join Dentsu Aegis Network Philippines as Chief Executive Officer. The Board appointed Ms. Elaine E. Uy as Officer-in-charge of Digital Media Division. Ms. Uy has been with the company since 2013 as the Head of Digital Operations. She is in-charge of the total digital operations handling strategy, creative, content, project management, account servicing, business intelligence, social media strategy, listening and crisis management of ABS-CBN and its subsidiaries. Prior to joining the company, she held the position of Sr. Manager for Digital Campaigns & Media in Smart Communications Inc. These changes are effective from April 01, 2017.

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