ABS-CBN is a major Filipino commercial television network owned and operated by the Filipino media conglomerate ABS-CBN Corporation, a publicly traded company. It is the country's leading television network with an advertising revenues amounted to 17.5 billion pesos for the fiscal year 2011. It was launched on 23 October 1953 and is among the first commercial television networks in Asia. Its headquarters is in Quezon City with regional offices and news bureaus in over 25 provincial areas throughout the country.
Today the flagship television station in Mega Manila is DWWX-TV (VHF channel 2). The network operates provincially through Regional Network Groupwith its 25 fully owned originating television stations, 63 strategically located relay stations and 8 affiliate local television stations making it the most expansive television network in the country. It is also seen worldwide on cable television and direct-to-home satellite through The Filipino Channel as well as on iptv and internet under its brand name TFC Now.