TV5 Network Incorporated

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.

Key facts

Mother Company

MediaQuest Holdings, Incorporated

Business Form

Private

Legal Form

Corporation

Business Sectors

Broadcast and mass media, telecommunications, publishing, printing

Ownership

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.

29.1%
Media Outlets
Other Media Outlets

Other Print Outlets

Other TV Outlets

TV5

Other Radio Outlets

Radyo Singko 92.3 FM

Other Online Outlets

<http://www.tv5.com.ph/> http://www.tv5.com.ph/

Facts

Media Business

Direct-to-home satellite provider and radio network

SatVentures

Radio network

MediaScape

Cable provider

Cignal Cable

Business

Coming Soon

General Information

Founding Year

1958

Founder

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.

Employees

Missing Data

Contact

TV5 Media Center Reliance Corner Sheridan StreetMandaluyong City 1552 Telephone Number: +632-689-3100

Tax/ ID Number

000-430-214-000

Financial Information

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)

Missing Data

Management

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.

Non-Executive Board

Missing Data

Supervisory Board

Missing Data

Other Influential People

Anthoni Salim

Further Information

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

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Meta Data

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.

Sources

General Information Sheet of TV5 Network, Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)

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