Mabuhay Broadcasting System
| Private | |
| Industry | Radio network |
| Founded | December 13, 1973 |
| Founder | Quirino de Guzman Sr. Arcardio Carandang |
| Headquarters | Pasig City, Philippines |
|
Key people
|
Cynthia G. Ragasa (Chairman) Manuelito F. Luzon (President) |
| Owner | Ragasa Family (64%) Henares Family (25%) Others (11%) |
Mabuhay Broadcasting System, Inc. (MBSI) is a Philippine radio network majority owned by the Ragasa family, heirs of founder Quirino De Guzman. In 2011, companies belonging to the Henares family acquired a minority stake in MBSI making it an affiliate company of Progressive Broadcasting Corporation (PBC), a nationwide radio and television network headed by Alfredo "Atom" L. Henares. Its corporate office is located at The Centerpoint, Julia Vargas Avenue, Ortigas Center, Pasig City and main studio at 40th Floor Summit One Tower, Shaw Boulevard, Mandaluyong City, Metro Manila. MBSI derives most of its income by selling airtime to blocktimers.
MBSI's FM radio network 91.5 Win Radio is headed by its President, Manuelito "Manny" F. Luzon through One Radio Management, Inc. Its former AM radio station in Metro Manila, UNTV Radio La Verdad 1350 kHz (formerly DZXQ), is owned by PBC and operated and maintained by Breakthrough and Milestones Productions International, Inc. (BMPI) headed by its Chairman and CEO, broadcaster and TV host Daniel S. Razon. BMPI is also PBC's exclusive blocktimer in its UHF station UNTV Channel 37.
In November 1973, during the martial law in the Philippines, Quirino De Guzman Sr. and Arcadio M. Carandang decided form a joint venture and organize a corporation known as Mabuhay Broadcasting Systems, Inc. (MBSI). Carandang contributed his technical expertise and new equipment while De Guzman pooled financial resources and needed franchise to the company. It was registered with the Securities and Exchange Commission (SEC) on December 13, 1973. MBSI was granted a 25-year legislative franchise on April 13, 1992 under Republic Act (R.A.) 7395 to construct, install, operate and maintain commercial radio broadcasting stations in the island of Luzon.
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