ABS-CBN Broadcasting Company recently ranked among the Top 10 most admired Philippine companies and was also included in the list of recipients for the Innovation Award Category. This is based on the 2008 survey, "Asia's 200 Most Admired Companies," released by The Wall Street Journal Asia recently.

The WSJ Asia has been providing news and analysis of regional and global business developments since 1976. This year, the survey was conducted by research firm Colmar Brunton on behalf of WSJ Asia and covered 2,477 executives and professionals as respondents.

Here is the list of the Top 10 Most Admired Companies in the Philippines according to WSJ Asia:

1. Ayala Land Inc.

2. Jollibee Foods Corp.

3. Ayala Corp.

4. Globe Telecom

5. San Miguel Corp.

6. Bank of the Philippine Islands

7. ABS-CBN Broadcasting Corp.

8. Philippine Long Distance Telephone Co.

9. SM Prime Holdings

10. Banco de Oro Unibank

The Lopez-owned media conglomerate placed third in the Innovation Award category for offering Internet TV services on TFC (The Filipino Channel) Now. This unit of ABS-CBN Interactive sells video-on-demand in monthly and pay-per-view subscription packages.

The recipients of the Innovation Award Category are as follows:

1. Jollibee Foods

2. Globe Telecom

3. ABS-CBN Broadcasting Corp.

4. Banco De Oro Universal

5. Ayala Land

6. Ayala Corporation

7. PLDT

8. Universal Robina Corporation

9. Bank of the Philippine Islands

10. SM Prime Holdings

ABS-CBN is the only media company included in both categories.

Founded in 1946, the Kapamilya Network is now headed by Eugenio "Gabby" Lopez III. The current chairman and CEO of ABS-CBN represents the third generation of Lopezes to take over the reins of this broadcasting network as pioneered by the late Eugenio "Genny" Lopez Jr. (Gabby's father) and Don Eugenio "Eñing" Lopez Sr. (his grandfather).

Charo Santos-Concio is the newly-appointed president of ABS-CBN.