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 Beneficial Trust Fund (which is managed by some PLDT key personnel for the pension benefit of PLDT employees). The company is led by Manuel V. Pangilinan. TV5 was founded on June 19, 1960, by the 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 in 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. On 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. On 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.