Philippines Largest Networks ABS-CBN Broadcasting Corporation: (ABS-CBN: "Alto Broadcasting System-Chronicle Broadcasting Network"), a Philippine multi-media conglomerate, is the largest integrated media and entertainment company in the Philippines with an asset base of more than PHP28 billion (US$613 million) as of current 2007.[citation needed] ABS-CBN is principally involved in television and radio broadcasting, as well as the production of television programming for domestic and international audiences and other related businesses.[2][3] It was founded on June 13, 1946, becoming Asia's first commercial television broadcaster. It is part of the Lopez Group of Companies. It also broadcasts content to the rest of the world through The Filipino Channel. The network's main broadcast facilities, news headquarters, transmitter and satellite operations and studio complex are located at the ABS-CBN Broadcast Center at Barangay Laging Handa, Diliman, Quezon City. In Metro Manila, its terrestrial VHF station is Channel 2 (DWWX-TV) while its terrestrial UHF station is Studio 23 (DWAC-TV). The company is slated to begin broadcasting digital television starting in January 2008. GMA nETWORK: (Global Media Arts) a Philippine multi-media conglomerate, is a television network in the Philippines. GMA provides news and entertainment programs through its forty-seven fully-owned television relay stations, four affiliate television stations and thirty-four radio stations throughout the Philippines. The network also offers its shows worldwide through GMA Pinoy TV. Its headquarters, the GMA Network Center, is located at EDSA corner Timog Ave., Diliman, Quezon City, Philippines. Atty. Felipe Gozon is its current Chairman and CEO. In Metro Manila, its using terrestrial VHF Channel 7 (DZBB-TV), Channel 11 (DZOE-TV, leased from ZOE Broadcasting Network, operated by Q) and terrestrial UHF Channel 27 (DWDB-TV, currently inactive).