ABS-CBN has enjoyed network supremacy since its founding in 1953, apart from the years 1972 to 1986, when the company and all of its affiliates were forcibly taken over by the Marcos government.
He had an undistinguished banking career in the United States while waiting for work in his family's media and utility interests in the Philippines.
These include interactive media, sound recording, post-production, international cable and satellite distribution, sports programming and licensing and merchandising.
His cousin, Martin "Mark" L. López, who served as the company's chief technology officer, was elected as the new chairman of the board.
[7] Lopez' citizenship was put into question as part of the renewal process of ABS-CBN Corporation's broadcast franchise.