ABS-CBN Corporation is a diversified Filipino media conglomerate and the country's largest media and entertainment company.[4][5][6][7] The corporation was formed by the merger of Alto Broadcasting System owned by James Lindenberg and Judge Antonio Quirino (the brother of then-Philippine President Elpidio Quirino) and the Chronicle Broadcasting Network owned by Don Eugenio Lopez, Sr. and the then-Philippine Vice-President Fernando Lopez. Founded on July 11, 1946 by James Lindenberg as Bolinao Electronics Corporation (BEC), it was incorporated as the ABS-CBN Broadcasting Corporation on February 1, 1967, shorted to simply ABS-CBN Corporation in 2010. The common shares of ABS were first offered in July 1992 while the PDR (Philippine Depository Receipt) of ABSP were offered in October 1999.[8]
