The story
BEAM was established in 1993 by the Canoy family, owners of Radio Mindanao Network. Its Congressional broadcast franchise was granted in 1995. At that time, it only owned one FM radio station in Dagupan.
In 2009, Bethlehem Holdings Inc., an investment firm of the Globe Telecom Retirement Group Fund, acquired BEAM from the Canoys (coinciding with the acquisition of a large stake in another broadcast firm, Altimax, from Mel Velarde).
Throughout 2014, BEAM began transitioning its analog channels in key cities nationwide to digital broadcast via ISDB-T. Aside from blocktimers, BEAM is now looking for local and foreign partnerships to allocate and generate content up to seven digital free TV channels.
On July 30, 2020, Philippine President Rodrigo Duterte signed Republic Act No. 11482 into law which renewed BEAM's legislative franchise for another 25 years. The law granted BEAM a franchise to construct, install, operate, and maintain, for commercial purposes, radio broadcasting stations and television stations, including digital television system, with the corresponding facilities such as relay stations, throughout the Philippines.
From Wikipedia’s article on Broadcast Enterprises and Affiliated Media, shared under CC BY-SA 4.0.4