TV5 Network Incorporated
TV5 Network Incorporated is the country’s third major player in the television market. It is part of a cross-media conglomerate under Manuel V. Pangilinan’s MediaQuest Holdings Incorporated. It owns TV5 and co-owns its sister station AksyonTV as well as the radio station Radyo Singko 92.3 FM.
Established in 1960 by newspaperman Joaquin “Chino” Roces as Associated Broadcasting Corporation, the company has undergone various ownership and management changes since then.
Former President Ferdinand Marcos shut down the station, together with Roces’ newspaper The Manila Times, when he declared Martial Law on September 21, 1972. Roces was jailed with other dissenters.
The station would only reopen years after the restoration of democracy in 1992 when a new set of investors, with Roces’ son Edgardo at the helm, bankrolled the station’s restoration.
In 2003, the station was sold to businessman Antonio Cojuangco Jr. who was, before then, the chair of the country’s premier telecommunications company, the Philippine Long Distance Telephone Company.
In 2008, the network was again relaunched as a new partner, Primedia Incorporated (MPB), entered the picture. MPB is a local company financed by Media Prima Berhad of Malaysia. The plan was for MPB to produce programs for the channel.
In October 2009, Media Prima sold the station to MediaQuest Holdings Incorporated, a company led by businessman Manuel V. Pangilinan.
Pangilinan’s MediaQuest had been in the market for a television station for years. It started talks with GMA Network Incorporated but the negotiations fizzled out.
The channel was again rebranded, this time as TV5, with the parent company also changing its name to TV5 Network Incorporated.
TV5 Network Incorporated lists the following parent companies on its latest Securities and Exchange Commission filings: MediaQuest Holdings, Inc. (29.13 percent), Telemedia Business Ventures, Inc. (25 percent), Med Vision Resources, Inc. (16.67 percent), and Upbeam Investments, Inc. (28.87 percent).
Telemedia, Med Vision, and Upbeam are all chaired by Ray Espinosa and list MediaQuest as their parent company.
In his book Colossal Deception, How Foreigners Control our Telecom Sector, journalist Rigoberto D. Tiglao tracked the ultimate ownership of TV5, its sister station AksyonTV, its FM radio station Radyo Singko 92.3 FM, and other media companies like broadsheet giants The Philippine Star, Philippine Daily Inquirer, and BusinessWorld to Indonesian mogul Anthoni Salim through his HongKong-based company First Pacific.
Tiglao traced TV5’s history, from its beginnings in 1960 under Joaquin “Chino” Roces’ Associated Broadcasting Network, later named Associated Broadcasting Company to the MVP-led Salim group’s acquisition in 2010 through PLDT.
Pangilinan and Espinosa, whom Tiglao says are the Indonesian’s frontmen in the Philippines, are in the board of directors of First Pacific.
MediaQuest Holdings, Incorporated
Broadcast and mass media, telecommunications, publishing, printing
MediaQuest Holdings, Incorporated
MediaQuest Holdings, Incorporated is the holding company of PLDT Beneficial Trust Fund’s mass media conglomerate which includes TV5 Network, Incorporated, Nation Broadcasting Corporation, and the broadsheets The Philippine Star, Philippine Daily Inquirer, and BusinessWorld through hastings Holdings. Its parent is the company that owns the pension funds of PLDT, Incorporated’s (formerly Philippine Long Distance Telephone Company) employees. Businessman Manuel V. Pangilinan heads various conglomerates in the Philippines which ultimately belong to Indonesian Anthoni Salim’s First Pacific group of companies.
Upbeam Investments, Incorporated
Upbeam Investments, Incorporated is a financial holding company whose parent is MediaQuest Holdings, Incorporated and TV5 Network Incorporated as a subsidiary.
Telemedia Business Ventures, Incorporated
Telemedia Business Ventures, Incorporated is a financial holding company whose parent is MediaQuest Holdings, Incorporated and TV5 Network Incorporated as a subsidiary.
Other Print Outlets
Other TV Outlets
Bloomberg TV Philippines
Other Radio Outlets
Radyo Singko 92.3 FM
Other Online Outlets
Direct-to-home satellite provider and radio network
Joaquin “Chino” Roces
Affiliated Interests Founder
Joaquin “Chino” Roces was the publisher of the Manila Times, he was jailed during Martial Law for standing up against the suppression of press freedom.
TV5 Media Center Reliance Corner Sheridan StreetMandaluyong City 1552 Telephone Number: +632-689-3100
Tax/ ID Number
Revenue (Financial Data/ Optional)
38.31 Mil $ / 1.8 Bil P
Operating Profit (in Mill. $)
-82.43 Mil $ / -3.86 Bil P
Advertising (in % of total funding)
Executive Board + Interests Executive Board
Manuel V. Pangilinan - Chairman of TV5 Network, Incorporated, Director of PLDT since November 24, 1998, President and Chief Executive Officer of PLDT and Smart, Chairman of the Governance and Nomination, Executive Compensation and Technology Strategy Committees of the Board of Directors of PLDT, Chairman of MPIC, Meralco and Philex Mining, and of several subsidiaries or affiliates of PLDT or MPIC, including, among others, Smart, Beacon Electric Assets Holdings Inc., Manila North Tollways Corporation, Maynilad Water Services Corporation (Maynilad), Landco Pacific Corporation, Medical Doctors Incorporated (Makati Medical Center), Colinas Verdes Corporation (Cardinal Santos Medical Center), Davao Doctors Incorporated, Riverside Medical Center Incorporated, Our Lady of Lourdes Hospital and Asian Hospital Incorporated. He is also the Chairman of PLDT-Smart Foundation, Inc., founded First Pacific Company Limited (First Pacific), a Hongkong Stock Exchange-listed company where he is Chief Executive Officer and Managing Director, President Commissioner of P.T. Indofood Sukses Makmur Tbk, Chairman of the Board of Trustees of San Beda College and the Hong Kong Bayanihan Trust, Co-Chairman of the Philippine Disaster Resilience Foundation, Inc. and U.S.-Philippine Business Society.
Emmanuel C. Lorenzana - President of TV5 Network, Incorporated
Ray C. Espinosa - Director at V5 Network, Incorporated, Director of PLDT since November 24, 1998, member of the Technology Strategy Committee of the Board of Directors of PLDT, Head of Regulatory Affairs and Policies of PLDT since March 2008, and General Counsel of Meralco since 2009, appointed as First Pacific Group’s Head of Government and Regulatory Affairs and Head of Communications Bureau for the Philippines since 2013, director of Meralco, MPIC and Roxas Holdings, Inc., and an independent director and Chairman of the Audit Committee of Lepanto Consolidated Mining Company, Chairman of PhilStar Group of Companies, Business World Publication Corporation, a director and Corporate Secretary of Philippine Telecommunications Investment Corporation, a director of Metro Pacific Resources, Inc. and BTF Holdings, Inc., and a trustee of the Beneficial Trust Fund of PLDT and PLDT-Smart Foundation, Inc., President & CEO of MediaQuest, TV5 and Cignal TV until May 2013.
Anabelle L. Chua - Member of the Board of Directors of TV5 Network, Incorporated
Edward S. Go - Member of the Board of Directors of TV5 Network, Incorporated
Enrique G. Filamor - Member of the Board of Directors of TV5 Network, Incorporated
Lydia B. Echauz - Member of the Board of Directors of TV5 Network, Incorporated
Anna Isabel V. Bengzon, Treasurer and Chief Financial Officer of TV5 Network, Incorporated
Estrelita Gacutan, Corporate Secretary of TV5 Network, Incorporated
Michael Celiz, Assistant Corporate Secretary of TV5 Network, Incorporated
Non-Executive Board + Interests Non-Executive Board
Supervisory Board + Interests Supervisory Board
Other Influential People + Interests Other Influential people
TV5 Network, Incorporated is part of a complicated and intricate web of corporation ownerships and subsidiaries that it took a journalist's dedicated investigative reporting to unmask who its ultimate owners are.
Audience share based on Nielsen’s National Urban TV Audience Measurement (TV, Jan-August 2016), Nielsen's Consumer and Media View (Print, Jan-August 2016), Audience share from Nielsen's Radio Audience Measurement (Radio, Jan-August 2016), Effective Measurement (2016)
Founding year based on date of incorporation as reflected in the Securities and Exchange Commission documents.
General Information Sheet of TV5 Network, Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
Financial Statement of TV5 Network, Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)