TV5 (Philippines)
TV5 (formerly known as ABC 5) is a major Filipino commercial television network based in Mandaluyong City, Philippines. Owned by TV5 Network Inc., solely owned by MediaQuest Holdings, Inc. which in turn is a wholly owned subsidiary of the beneficial trust fund of the Philippine Long Distance Telephone Company headed by business tycoon Manuel V. Pangilinan.
Named after its flagship station in Metro Manila, DWET-TV which is carried in VHF Channel 5, TV5 is broadcasting to 7 other owned-and-operated stations, and 19 affiliated television stations nationwide as its programming is also carried overseas through Kapatid TV5 channel.
History
Pre-Martial Law (1960–1972)
Joaquin "Chino" Roces, owner of the Manila Times was granted of a radio-TV franchise from Congress under Republic Act 2945 on June 19, 1960. He then founded the Associated Broadcasting Corporation with its first studios along Roxas Boulevard, becoming the fourth television network established in the country. ABC operated radio and television services from 1960 until September 23, 1972 when President Ferdinand E. Marcos declared Martial Law. Both ABC and the Manila Times were forcibly shut down as a result with rivals ABS-CBN and MBC's radio and television broadcasts also shut down by martial law that day.
