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ABS-CBN Corporation (PSE: ABS and ABSP) is a Filipino media conglomerate and the country's largest media and entertainment company. The corporation was the merger of Alto Broadcasting System (ABS) owned by James Lindenberg and Antonio Quirino (the brother of then-Philippine president Elpidio Quirino) and the Chronicle Broadcasting Network (CBN) owned by Don Eugenio Lopez, Sr. and the then-Philippine vice president Fernando Lopez. Founded on 13 June 1946 by James Lindenberg as Bolinao Electronics Corporation (BEC), it was incorporated as ABS-CBN Broadcasting Corporation on 1 February 1967. On 18 August 2010 the corporate name was changed after dropping the "Broadcasting" from the corporate name. The common shares of ABS were first offered in July 1992 while the PDR (Philippine Depository Receipt) of ABSP were offered in October 1999.
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