It is definitely a BIG NO!
The nucleus of what ABS-CBN would be began in 1946 with Bolinao Electronics Corporation (BEC). BEC was put up by James Lindenberg, the father of Philippine television, an ex-GI and electronics engineer who went into radio equipment assembly and radio broadcasting. At that time, the giant Philippine network was Manila Broadcasting, with DZRH as the top station. In 1949, James Lindenberg shifted Bolinao to radio broadcasting with DZBC and masterminded the introduction of television to the country in 1953. In 1951, Lindenberg partnered with Antonio Quirino, brother of then President Elpidio Quirino, in order to try their hand at television broadcasting. In 1952, BEC was renamed as Alto Broadcasting System or ABS. "Alto" was a contraction of Quirino’s and his wife’s first names, Tony and Aleli. Though they had little money and resources, ABS was able to put up its TV tower by July 1953 and import 300 television sets. The initial test broadcasts began on September of the same year. The very first full-blown broadcast, however, was on October 23, 1953, of a party in Tony Quirino's home. The broadcasting channel was known as DZAQ-TV Channel 3. This made ABS-CBN the very first TV station in the Philippines.
In April of 1958, another TV network opened, and this was the Chronicle Broadcasting Network (CBN), established as a radio medium in 1956 by businessmen Eugenio and Fernando Lopez. In the same year, CBN brought ABS from Judge Quirino, and merged the two companies under the name Bolinao Electronics Corporation, which was incidentally the former name of ABS.
DZBB-TV Channel 7 was only established on October 29, 1961 by the Republic Broadcasting System (RBS), owned by Robert Stewart. This make GMA-7 the third TV station in the Philippines. The radio station DZBB first went on-air on March 1, 1950, and this is what they are celebrating for, 60 years of the company and not the TV station. If this is the case, ABS-CBN is celebrating its 64th year since the birth of BEC.
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