TV5 Network facts for kids
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Logo since 2021
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The TV5 Media Center in Mandaluyong, where TV5 Network has been based since 2013.
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Trade name
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TV5 |
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Formerly
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| Industry | Mass media Entertainment |
| Founded | June 19, 1960 |
| Founder | Joaquin "Chino" Roces |
| Headquarters | TV5 Media Center, Reliance cor. Sheridan Sts., Brgy. Buayang Bato,
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Philippines
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Area served
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Worldwide |
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Key people
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| Products | Television programs Movies Music Web portals |
| Brands | TV5 One Sports RPTV One News One PH One Sports+ PBA Rush Sari-Sari Channel NBA TV Philippines BuKo UAAP Varsity Channel Radyo5 Kapatid Channel AksyonTV International<3r>Sulit TV |
| Services | Broadcasting Movies TV shows Cable television Internet Streaming services Record label Satellite television Film distribution |
| Revenue |  PHP1.795 billion (2014) |
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Operating income
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−PHP3.862 billion (2014) |
| Total assets |  ₱8.84 billion (2011) |
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Number of employees
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200–700+ (2018) |
| Parent | PLDT Beneficial Trust Fund (MediaQuest Holdings) |
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| Subsidiaries | see list |
TV5 Network Inc., often called TV5, is a big media company in the Philippines. It is based in Mandaluyong. The company mainly works in radio and television. It also has other businesses related to media.
TV5 is owned by MediaQuest Holdings. This company is part of the PLDT group, which is a large phone company. A well-known businessman, Manuel V. Pangilinan, leads TV5.
TV5 owns and runs three TV channels: TV5, One Sports, and RPTV. It also has a national radio station, 92.3 Radyo5 True FM, and other local radio stations.
The company also runs two international TV channels. These are Kapatid Channel and AksyonTV International. TV5 also has digital TV providers, a sales team, a talent agency, and online websites.
Contents
History of TV5
How TV5 Started
Joaquin "Chino" Roces, who owned The Manila Times newspaper, was given permission to start a radio and TV station. This happened on June 19, 1960. He then started the Associated Broadcasting Corporation and its TV channel "ABC 5".
ABC 5 began broadcasting in 1962. But on September 23, 1972, Ferdinand Marcos, who was the President, declared Martial Law. Because of this, ABC and The Manila Times had to close down.
Bringing the Network Back
After the People Power Revolution in 1986, Mr. Roces asked President Corazon Aquino to reopen the network. He succeeded, but he passed away on September 30, 1988.
New owners, including businessman Edward Tan and Roces's son Edgardo, worked hard to bring the network back. They got permission to increase the company's money and change its rules. They also got a permit to broadcast again.
In 1990, ABC opened its new studios and tower in Quezon City. They started test broadcasts in late 1991. The network officially returned on February 21, 1992, as the Associated Broadcasting Company. Its new company name was ABC Development Corporation. Their radio station, Kool 106, also started at the same time.
Becoming TV5
In October 2003, a group led by businessman Antonio "Tonyboy" O. Cojuangco Jr. bought ABC. He was once the Chairman of Philippine Long Distance Telephone Company (PLDT).
In 2005, ABC won the "Outstanding TV Station" award. This was a big achievement for the network.
In 2007, ABC had some problems and had to cut costs. Many employees in its news department lost their jobs.
In 2008, ABC-5 changed its name to TV5. It partnered with a Malaysian company to become more competitive. This helped TV5's ratings grow a lot.
PLDT Takes Over
On October 20, 2009, the Malaysian company sold its share in TV5. MediaQuest Holdings, Inc., which is part of PLDT, bought it. PLDT's chairman, Manuel V. Pangilinan, announced the deal on March 2, 2010.
On April 4, 2010, TV5 changed its programs and started using the new name "Kapatid" (meaning "sibling") network.
On October 1, 2010, TV5 also took over the management of other stations. DWFM became Radyo5 92.3 NewsFM on November 8, 2010. DWNB-TV became AksyonTV, a news channel, on February 21, 2011.
In June 2011, TV5's sports division, Sports5, started making sports shows for another network called Intercontinental Broadcasting Corporation. This deal ended in May 2013.
TV5 also launched international channels, Kapatid TV5 and AksyonTV International, in April 2011. These channels were available in many parts of the world.
By December 23, 2013, TV5 moved to its new main office, the TV5 Media Center in Mandaluyong. This new center is much bigger and modern.
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In 2015, the company changed its name from ABC Development Corporation to TV5 Network, Inc..
TV5 Network, Inc. also launched Digital5, which is an online library of original shows. These shows are made for different audiences on various online platforms.
On August 3, 2015, TV5 and Cignal TV partnered with Viva Communications to create the Sari-Sari Channel. This channel would show programs and movies from both companies. However, this partnership ended in June 2016.
On February 17, 2018, TV5 launched a new slogan, "Get It on 5!". They also started a five-brand plan. This plan included News5 (for news), ESPN5 (for sports), On5 (for entertainment), D5 Studio (for digital content), and Studio5 (for films).
In April 2019, TV5 Network was given permission to operate for another 25 years. This means they can continue to build and run radio and TV stations across the Philippines.
On August 15, 2020, TV5 Network announced a partnership with Cignal TV. Cignal TV would help provide content for TV5's programs. This was to help TV5 compete with other networks like GMA Network.
In 2021, TV5 and ABS-CBN made a deal. This allowed ABS-CBN shows to be broadcast on TV5. They also launched a new comedy channel called "BuKo". TV5 also released a new digital TV box called "Sulit TV".
In September 2020, the University Athletic Association of the Philippines (UAAP) partnered with Cignal. They launched the UAAP Varsity Channel to show UAAP basketball and volleyball games. These games are also shown on TV5 and One Sports.
In January 2021, TV5 started showing some programs from ABS-CBN. This helped ABS-CBN reach more viewers after its free-to-air network closed in May 2020.
In August 2022, ABS-CBN and MediaQuest Holdings planned a deal for ABS-CBN to invest in TV5 Network. However, this deal was later stopped due to concerns from politicians and government groups.
On February 1, 2023, Guido R. Zaballero became the new president and CEO of TV5 Network.
On April 1, 2023, TV5 launched its high-definition (HD) channel. On April 16, 2023, the main channel started broadcasting in widescreen format.
In June 2023, the famous comedy group of Tito Sotto, Vic Sotto, and Joey de Leon (TVJ) signed a deal with MediaQuest. They would produce shows for TV5. On July 1, 2023, their noontime show E.A.T. started on TV5. It later returned to its original name, Eat Bulaga!.
In October 2023, TV5 announced that PBA games would move to A2Z. TV5 would then focus more on entertainment and news shows.
TV5's Broadcast Channels
TV5 Channel
TV5, also known as 5, is the main TV channel of TV5 Network. It started on June 19, 1960. It is known as the Kapatid (Sibling) Network. Its main office is in the TV5 Media Center in Mandaluyong.
One Sports Channel
One Sports is a sports channel from TV5 Network Inc. It started on March 8, 2020. One Sports shows many different sports programs. It used to be called 5 Plus and before that, AksyonTV.
RPTV Channel
RPTV is a free TV channel run by TV5 Network, Inc. It is part of the MediaQuest Holdings group.
Radyo5 Stations
Radyo5 is the name for the news and talk FM radio stations of the Nation Broadcasting Corporation. These stations share news with News5, which is TV5's news department. The first Radyo5 station started on October 1, 2010.
TV5's Cable and Satellite Channels
Most of TV5 Network's cable channels are managed by Cignal TV. Cignal TV is a sister company to TV5 Network.
TV5 Around the World
TV5's international presence is managed by Pilipinas Global Limited, Ltd. (PGN). This company is partly owned by TV5 Network and PLDT. PGN helps distribute TV5's shows and channels around the world.
PGN runs two international channels: the Kapatid TV5 and AksyonTV International. These channels bring TV5's programs to viewers in other countries.
Past Services of TV5
AKTV Sports Block
AKTV was a sports program block shown on the state-run Intercontinental Broadcasting Corporation (IBC). It started on June 5, 2011. However, it stopped airing in May 2013 due to high costs and low ratings.
Dream FM Radio Network
Dream FM Network was the first radio network of ABC Development Corporation when it reopened in 1992. It played different types of music over the years. When TV5 was bought by MediaQuest Holdings in 2010, Dream FM was not included in the sale. Most Dream FM stations closed in June 2011.
InterAksyon News Website
InterAksyon (interaksyon.com) was an online news website launched by TV5 in 2011. It featured articles from journalists and News5 reporters. It also had a traffic updates service. The website is now managed by another company under MediaQuest Holdings.
AksyonTV Channel
AksyonTV was a news and sports TV channel owned by TV5 Network. It started on February 21, 2011. AksyonTV showed live news, documentaries, and sports. It also showed programs from Radyo5. The channel closed on January 12, 2019. It was replaced by 5 Plus.
5 Plus Channel
5 Plus was a sports TV channel owned by TV5 Network. It was launched on January 13, 2019, replacing AksyonTV. It showed sports programs from ESPN5. 5 Plus stopped broadcasting on March 7, 2020, and was replaced by One Sports.
ESPN5 Sports Website
ESPN5 (ESPN5.com) was the official sports website for ESPN in the Philippines. It worked with One Sports. It had sports articles from both ESPN and One Sports. In March 2020, ESPN ended its partnership with TV5.
TV5's Leaders
- Manuel V. Pangilinan (Chairman of the Board for TV5 Network and other related companies)
- Jane J. Basas (President and CEO of MediaQuest Holdings and Cignal TV)
- Guido R. Zaballero (President and CEO of TV5 Network)
- Dino Laurena (Chief Operating Officer for Media5)
- Pierre Paul S. Buhay (Treasurer and Chief Financial Officer)
- Vince Rodriguez (Head of Sales and Marketing)
- Luchi Cruz-Valdes (Head of News and Current Affairs for News5)
- Perci Intalan (Head of Programming)
- Sienna Olaso (Head of One Sports)
Other Parts of TV5
Divisions
- Cignal Entertainment
- D5 Studio
- MQ Artists Agency (a talent agency)
- News5 (the news department)
- News5 Digital
- One Sports (the sports division)
- Rescue5 (a public service unit)
Sister Companies and Partners
- BusinessWorld (a newspaper)
- Cignal TV (Mediascape Inc.) (a pay TV provider)
- Cignal
- CignalPlay
- SatLite
- Cinegear, Inc.
- Media5 Marketing Corporation (Media5)
- MQuest Ventures
- TVJ Productions
- Nation Broadcasting Corporation
- Studio5, Inc.
- Straight Shooters
- The Philippine Star (a newspaper)
- Pilipinas Global Network Ltd. (manages international channels)
- Kapatid Channel
- AksyonTV International
- Sulit TV (a digital TV box)
- UXS, Inc.
Helping the Community
- Alagang Kapatid Foundation
- PLDT-Smart Foundation
- One Meralco Foundation
Images for kids
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TV5 Logo since 2021
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TV5 Media Center in Mandaluyong
