The Associated Broadcasting Company, Inc (TV5) is a television network in the Philippines.

The network was previously known as the (ABC-5), Associated Broadcasting Company remains the legal name of the network. It is the third-oldest television network in the country and owned byMediaQuest Holdings, Inc., which is a fully owned subsidiary of PLDT headed by businessman Manuel V. Pangilinan.

Transition from ABC-5 to TV5

 In March 2008, ABC president and CEO Antonio Cojuangco announced that ABC had entered into a major block time agreement with MPB Primedia Inc., a local company backed by Media Prima Berhad of Malaysia as part of a long-term strategy to make the network more competitive. Cojuangco said MPB Primedia Inc., in principle, would produce and source most of the entertainment programs while ABC would continue to be responsible for news programming and operation of the stations. 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.

ABC "signed off" on August 8, 2008, and then aired a countdown to its re-launch for much of the next day until 19:00 PHT(or 11:00AM UTC), when the new lineup began under their new branding of TV5. Despite the name change, the corporate name will still be Associated Broadcasting Company and Tonyboy Cojuangco will remain its CEO. Shall We Dance, some shows in Nick on TV5, Kerygma TV, Light Talk, and Sunday TV Mass were the only ABC programs that were carried-over to the line-up of TV5.

In December 2008, a lawsuit was filed by GMA Network against ABC, and MPB Primedia, Inc. seeking to nullify the block time agreement between the companies; Media Prima Berhad was impleaded in the suit as well.^[7] GMA argued that the agreement violated the Philippine constitution, which restricts mass media ownership to Filipino companies, and that MPB Primedia was established in Malaysia do skirt these laws. In response, ABC's media relations head Pat Marcelo-Magbanua reiterated that the network was a Filipino company which was self-registered and Filipino-run.

The Kapatid Network (Pangilinan Era)

Under the management of MPB together with the local key managers assembled, Primedia delivered significant success where TV5 performance was completely revitalized. TV5’s audience share increased substantially from 1.9% in July 2008 (prior to the re-branding by Primedia) to 11.1% in September 2009. This had catapulted TV5 as the number 3 station in the Philippines.

On October 20, 2009, Media Prima Berhad (MPB) announced that it was set to recover its investment in the Philippines following the proposed divestment of its entire 70 percent equity stake in its subsidiary, MPB Primedia Inc (“Primedia”) to MediaQuest Holdings Inc.(a subsidiary of Philippine Long Distance Telephone Co.)

On March 2, 2010, MediaQuest chairman. Manuel V. Pangilinan announced the acquisition of the Associated Broadcasting Company and Primedia Inc., the broadcasting firm’s major block airtimer. Following the revamp of TV5 with new programs and roster of stars, it became known as the "Kapatid" ("Sibling") Network.

On June 30, 2010, TV5 ended its contract with Nickelodeon for its time block to air its shows. The timeblock moved to ABS-CBN as Nick Time, which was launched on July 26, 2010 under their Team Animazing timeblock. ABS-CBN's sister station, Studio 23, also aired Nickelodeon shows.

In September 2010, Cartoon Network programs began airing on TV5. The shows include Ben 10, Camp Lazlo, Chowder, Dexter's Laboratory, Johnny Bravo, League of Super Evil, The Powerpuff Girls, and among others.

On October 1, 2010, TV5 took over the management of stations owned by sister company Nation Broadcasting Corporation: DWFM 92.3 and UHF Channel 41. DWFM became Radyo5 92.3 News FM on November 8, 2010. On February 21, 2011, AksyonTV, the first non-cable news, current affairs and information & sports channel on TV and InterAksyon.com were launched. Both of them named after the flagship news program, Aksyon.

On December 13, 2010, Disney Clubhouse and Disney Club was formally premiered and launched on TV5.

TV5 is set to launch KTV (Kapatid TV) internationally by 2011. In July 2011, Pilipinas Global Network Ltd., a company owned by Philippine Long Distance Telephone Co. and ABC Development Corp. based in British Virgin Islands will oversee the operation of KTV5 (Kapatid TV5) International. TV5 International will be primarily accessible to viewers in the Middle East, North Africa and some parts in Europe and North America.

By 2012, TV5 will finish constructing the 6,000-sqm TV5 Media Center located at Reliance cor. Sheridan streets in Mandaluyong.

TV5's sports division signed an agreement with IBC 13 to air live sports coverage via its new programming block AKTV which set to premiere on Sunday June 5, 2011.

 source: wikipedia.com