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TV5 history
TV5 company history timeline
ABC signed off for the last time at around 22:00 PHT on August 8, 2008 with its late night newscast Sentro as the last program on air, and then aired a countdown to its re-launch for much of the next day until 19:00 PHT, when the network officially re-launched under its new name of TV5.
In December 2008, a lawsuit was filed by GMA Network, Inc., Citynet Television and ZOE Broadcasting Network against ABC, MPB, and MPB Primedia, alleging that TV5's lease of airtime to Media Prima was intended to circumvent regulations restricting foreign ownership of broadcasting companies.
Christopher Sy was named CEO of MPB Primedia, Inc.; he served in that capacity until his resignation in January 2009 due to reported differences in management style.
On October 20, 2009, Media Prima announced that it would be divesting its 70% share in TV5 and selling it to the Philippine Long Distance Telephone Company’s broadcasting division, MediaQuest Holdings, Inc. to recover its assets from the global financial crisis.
TV5 was reformatted on April 4, 2010 with a new lineup of programming and branding as the “Kapatid” network.
Founded on February 21, 2011, AksyonTV's programs comprises a combination of live news reports, documentaries, sports and current affairs programming.
TV5 launched on April 11, 2011 at the British Virgin Islands, it has two subsidiaries of its own, PGN (Canada) Ltd., based in British Columbia, and the PGN (US) LLC., incorporated through the Delaware General Corporation Law and currently based on California.
Dream FM was retained under Cojuangco management with TV5 as licensee until June 2011.
Through affiliate Cignal, the network launched its own satellite television networks: lifestyle channel Colours, sports channel Hyper, and Weather Information Network (now defunct). The channels were launched on April 14, 2012.
Rey Espinosa steps down as ABC Development Corporation President and CEO on June 1, 2013 to assume his new post as Associate Director of the First Pacific Company Ltd., PLDT’s majority owner.
TV5 Media Center at Reliance Street corner Sheridan Street, Mandaluyong, the headquarters of TV5 Network since 2013. (en)
In December 2014, ABC Development Corporation partners with Singapore-based studio Brand New Media to launch a multi-channel datacasting service 4ME Philippines.
These included a formation of the Viva-TV5 joint venture Sari-Sari Channel and outsourcing Viva Television for its entertainment shows, which were formally announced through a trade launch at the Valkyrie in Bonifacio Global City, Taguig on November 25, 2015.
In 2015, the network changed its corporate name from ABC Development Corporation to TV5 Network, Inc.
It will launch on January 15, 2016.
In July 2016, TV5 began airing selected programs from MTV and MTV International like Catfish, Ridiculousness and Ex on the Beach after inking a deal with Viacom International Media Networks that month to create the new MTV on TV5 block.
On October 1, 2016, Media5 president and former Gilas Pilipinas and PBA head coach Chot Reyes will become the network’s officer-in-charge, replacing the network’s president for four years, Noel Lorenzana who will retire from his position on September 30.
Once the Media Center is completed in 2016, it will house TV5, and their sister companies Cignal Digital TV, Voyager Innovations and Philex Mining.
In April 2017, TV5 acquired the rights to air the WWE after Fox Philippines decision to not renew its contract with the WWE due to unknown reasons.
On October 12, 2017, TV5 Network announced its partnership with ESPN, licensing its PBA, UFC, PSL and NFL rights and giving TV5 access to ESPN programs and content.
TV5 Chair Manny Pangilinan predicted that TV5 will "break even" by 2017.
On February 17, 2018, TV5 launched its new slogan called "Get It On 5!".
On April 22, 2019, the network granted a 25-year legislative franchise extension under Republic Act 11320 albeit without President Rodrigo Roa Duterte's signature as the bill lapsed into law after 30 days of inaction.
On June 3, 2019, Chot Reyes retired as TV5 President and CEO. He was immediately replaced by Jane Basas, who also leads pay-TV provider and radio company Cignal TV/Mediascape.
On the same day, TV5 Network announced that 5 would be rebranded as One TV (adopting from Cignal TV's "One"-branded channels), which was originally scheduled on 13 April 2020.
On 20 July 2020, 5 brings out new Filipino-dubbed series and more entertainment content on primetime then later it announced that 5 will be reverted as TV5.
Despite the change, the ESPN5 partnership continued online, with ESPN5.com serving as the de facto sports portal of both One Sports and ESPN in the Philippines, until 13 October 2021.
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Zippia gives an in-depth look into the details of TV5, including salaries, political affiliations, employee data, and more, in order to inform job seekers about TV5. The employee data is based on information from people who have self-reported their past or current employments at TV5. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by TV5. The data presented on this page does not represent the view of TV5 and its employees or that of Zippia.
TV5 may also be known as or be related to TV5, TV5 Network Inc. and Tv 5.