ABS-CBN 2, or the Kapamilya Network, is the flagship TV station of media giant ABS-CBN Corporation, the biggest media conglomerate in the Philippines.
ABS-CBN 2 is a commercial TV station that airs on very high frequency (VHF) and is the leading TV station in the country based on reach, audience share, and advertising revenue.
ABS-CBN 2 reaches an estimated 97 percent of all households with television sets in the Philippines, based on the latest data released by the station. Its programming may also be viewed outside the country “to over 3.1 million viewers in North America, the Middle East, Europe, Japan, Australia, Canada, and other countries in Asia.”
Nielsen’s National Urban TV Audience Measurement, which measures TV viewership of key cities in the country, pegs the station’s audience share at 37.58 percent from January to August 2016, the highest among all TV stations in the country.
The channel shows diverse programs from drama series, sitcoms, musical variety shows, infotainment, entertainment, and news and current affairs.
The Lopez family’s ABS-CBN Corporation and its mother company Lopez, Incorporated own the channel. The family’s patriarch, Eugenio Lopez Sr., started ABS-CBN Corporation as a radio broadcasting company in the 1950s. His grandson, Harvard-educated Eugenio “Gabby” Lopez III, is ABS-CBN Corporation’s current chair of the board.
ABS-CBN 2 ceased operations on September 1972 when former President Ferdinand Marcos declared Martial law and took control of media in the country. It resumed commercial operations after the People Power Revolution in 1986 when then President Corazon Aquino returned, through an executive order, the network and other companies that were seized by Marcos from the Lopezes in 1972.
On March 1, 1987, Channel 2 was relaunched as “The Star Network” and has since then produced content that appeals to the Filipino viewing public.
Media Companies / Groups
ABS-CBN 2 is owned by ABS-CBN Corporation, whose biggest stockholder is Lopez, Incorporated, owned by the Lopez family.
Group / Individual Owner
Lopez, Inc. is an an investment company with interests in sectors such as broadcasting and cable, telecommunications, power generation and distribution, and banking. It is the parent company of ABS-CBN Corporation.
PCD Nominee Corporation
PCD Nominee Corporation is a financial holding corporation that holds legal title to immobilized shares lodged in the Philippine Central Depository, Inc system. and operates as a subsidiary of Philippine Central Depository.
Ching Tiong Keng
Biggest stockholder at 26.745 percent in La Suerte Cigar and Cigarette Factory Incorporated.
Eugenio “Eñing” H. Lopez Sr.
Affiliated Interests Founder
Eugenio “Geny” Lopez, Sr. is the son of former Iloilo governor Benito Lopez and the elder brother of former Vice President Fernando Lopez.
Carlo L. Katigbak
Affiliated Interests Ceo
Carlo L. Katigbak, ABS-CBN Corporation’s president and chief executive officer, is a Harvard management graduate who used to head the network’s new technology ventures like cable and mobile.
Other Important People
Eugenio L. Lopez III
Ma. Rosario Santos-Concio
Presentacion L. Psinakis
Manuel M. Lopez
Federico R. Lopez
Federico M. Garcia
Salvador G. Tirona
Antonio Jose U. Periquet
Emmanuel S. de Dios
Affiliated Interests other important people
Chairman of the Board of Directors
Vice Chairman since 1989
Board Member, President of ABS-CBN University and Chief Executive Officer
Board Member and Director since 1966
Director since 1988
Board Member and Chairman and Chief Executive Officer of Lopez Holdings Corporation
Director since 1999
Board Member and Director since 2010, President and Chief Operating Officer and concurrently, Chief Finance Officer of Lopez Holdings Corporation
Revenue (in Mill. $)
Operating Profit (in Mill. $)
Advertising (in % of total funding)
ABS-CBN Corporation is a publicly listed corporation and is required by law to disclose all company details.
Data based on Audience share from Nielsen’s National Urban TV Audience Measurement (Jan-June 2016).
The Securities Regulation Code, Republic Act 8799, which was enacted into law in 2000, lays down stringent disclosure requirements for companies that wish to make a public offering or that are already publicly listed, including who its beneficial owners are.
The Securities and Exchange Commission’s Memorandum Circular No. 11, series of 2014, requires all publicly listed companies to post on their websites the following information, among other things:
1) Company profile, mission and vision, Board of Directors, organizational structure, shareholding structure, Articles of Incorporation and By-Laws;
2) The disclosures required by the SEC, including periodic reports, statement of beneficial ownership and the General Information Sheet;
3) Manual on Corporate Governance, Annual Corporate Governance Reports;
4) Company policies on whistleblowing, conflict of interest, insider trading, related party transactions, health and welfare of staff;
5)Investor relations programs and shares, including the total outstanding shares, exchanges where the shares are listed, and the top 20 shareholders of the company. # Despite this law, the latest General Information Sheet on the ABS-CBN Corporate website is 2014. # Conversion rate on Dec. 31, 2015: P 46.85 #
Sources Media Profile
Financial Statement of ABS-CBN Corporation (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
General Information Sheet of ABS-CBN Corporation (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
Financial Statement of Lopez Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
General Information Sheet of Lopez Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)