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TV5 Network

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TV5 Network

TV5 Network Inc., commonly referred to as TV5, is a Philippine media company headquartered in Mandaluyong, Metro Manila. It primarily operates in radio and television broadcasting, and manages several subsidiaries and affiliates in various media-related ventures. TV5 is owned by MediaQuest Holdings, a subsidiary of PLDT (Philippine Long Distance Telephone Company), managed through its Beneficial Trust Fund. This trust fund is responsible for the pension funds of PLDT employees. The company is led by Manuel V. Pangilinan.

TV5 was founded on June 19, 1960 by owner of the Manila Times Joaquin "Chino" Roces as Associated Broadcasting Corporation, The company launched its first radio station DZMT, Its first broadcast on television was launched on July 1962, and the television station was known as DZTM-TV Channel 5.

In 1990, the company became known as Associated Broadcasting Company or ABC Development Corporation led by businessman Edward Tan and Roces' son Edgardo, a group of new shareholders initiated efforts to restore the network's operations. In October 2003, ABC was acquired by a group led by businessman Antonio "Tonyboy" O. Cojuangco Jr.

In August 8, 2008, ABC was rebranded as TV5 as it entered a partnership with MPB Primedia Inc., a local company backed by Media Prima Berhad. In October 20, 2009, MediaQuest Holdings acquired ABC Development Corporation and its blocktimer MPB Primedia Inc. from a joint consortium led by former PLDT Chairman Antonio "Tony Boy" O. Cojuangco Jr. and Malaysia-based media conglomerate Media Prima Berhad. Manuel V. Pangilinan expressed that he had intended to acquire ABC as early as 1999. It then changed its corporate name to TV5 Network Inc. in 2015, when the network identity became TV5.

Joaquin "Chino" Roces, owner of The Manila Times, was granted a radio-TV franchise from Congress under Republic Act No. 2945 on June 19, 1960. He then founded the Associated Broadcasting Corporation (ABC), which became the seventh television network in the Philippines when it launched Channel 5 with the call sign DZTM-TV and established its first studios along Pasong Tamo in Makati in July 1962. ABC operated radio and television services from July 1962 until September 23, 1972, when President Ferdinand Marcos declared martial law. Both ABC and The Manila Times were shut down as a result.

Led by businessman Edward Tan and Roces' son Edgardo, a group of new shareholders initiated efforts to restore the network's operations. The Securities and Exchange Commission approved their application to increase capitalization and amend the Articles of Incorporation and bylaws of the Associated Broadcasting Company (ABC). The National Telecommunications Commission (NTC) later granted the group an operation permit.

ABC established its studio complex and transmitter tower in San Bartolome, Novaliches, Quezon City in 1990 and began test broadcasts by the end of 1991. On February 21, 1992, it officially returned to the air under the new corporate name, ABC Development Corporation. Its radio counterpart, Kool 106, was launched at the same time. It acquired a new franchise to operate on December 9, 1994, under Republic Act 7831 signed by then-President Fidel V. Ramos.

In October 2003, ABC was acquired by a group led by businessman Antonio "Tonyboy" O. Cojuangco Jr.

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