ABC Development Corporation

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This article is about the Filipino media company. For the television network formerly known as ABC, see TV5 (Philippines). For other uses, see ABC.
ABC Development Corporation
Type Subsidiary
Industry Media company
Predecessors Associated Broadcasting Corporation (1960-1972)
Founded June 19, 1960
Founders Joaquin "Chino" Roces
Headquarters TV5 Media Center, Reliance cor. Sheridan sts., Mandaluyong City, Philippines
Key people Manuel V. Pangilinan (Chairman)
Emmanuel C. Lorenzana (President and CEO)
Products TV5, AksyonTV, AKTV (sold to IBC-13 through the Presidential Communications Operations Office), Kapatid TV5, Aksyon TV International Radyo5, Colours, Hyper, Weather Information Network, Kristn.com, Balut Radio, News5 Everywhere.
Services radio and TV broadcasting, film and tv production, direct-to-home satellite, sports, news, entertainment, websites, pay per view
Revenue Increase PHP 2.31 billion[1] (FY 2011)
Total assets Increase PHP 8.84 billion (FY 2012)[1]
Owners Philippine Long Distance Telephone Company
Parent MediaQuest Holdings
Divisions TV5 Network, Inc.
News5
Sports5
Alagang Kapatid Foundation
Website tv5.com.ph

ABC Development Corporation (also known as Associated Broadcasting Company) is a Filipino-owned media company based in Mandaluyong City, Philippines. The company was spearheaded by the late Edward Tan, broadcasting and advertising veteran in 1992, when he led a group of investors that revived the Associated Broadcasting Corporation which was founded by Joaquin "Chino" Roces on June 19, 1960. Presently, it is owned by MediaQuest Holdings, Inc., a wholly owned subsidiary and part of the beneficial trust fund of the Philippine Long Distance Telephone Company headed by business tycoon Manuel V. Pangilinan.

Among its assets are the broadcast television networks TV5 and AksyonTV, and the radio network Radyo5 92.3 News FM, satellite television channels Colours, Hyper and Weather Information Network, and media portals Kristn.com, Balut Radio and News5 Everywhere.

History[edit]

Origin[edit]

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 and the channel "ABC 5" with the call sign DZTM-TV and 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 21, 1972 when President Ferdinand E. Marcos declared Martial Law. Both ABC and the Manila Times were forcibly shut down as a result.

Revival[edit]

After the People Power Revolution in 1986, Chino Roces made a successful appeal to President Corazon Cojuangco-Aquino for the restoration of the network.

New stockholders led by broadcast veteran Edward Tan and Chino Roces's son Edgardo then began the arduous task of resuming broadcasts. The Securities and Exchange Commission granted their application for an increase in capitalization and amendments to ABC’s articles of incorporation and by-laws. They were subsequently granted a permit to operate by the National Telecommunications Commission (NTC).

ABC inaugurated its new studio complex and transmitter tower in San Bartolome, Novaliches, Quezon City in 1990, which was used until 2013; and began test broadcasts by the end of 1991; officially returning on air as the ABC-5 on February 21, 1992, with ABC Development Corporation as the new corporate name. Its radio counterpart, Kool 106.7 was launched at the same time. Later, it acquired a new franchise to operate on December 9, 1994, under Republic Act 7831 signed by President Fidel V. Ramos.

In 1999, ABC was awarded the channel 47 frequency in Metro Manila, the last remaining UHF frequency in the market, with a powerful transmitting capacity, christening it DWDZ-TV. However, has been inactive since 2003.

Cojuangco era[edit]

In October 2003, ABC was acquired by a group led by businessman Antonio "Tonyboy" Cojuangco, Jr. served as Chairman of the Philippine Long Distance Telephone Company (PLDT) from 1998-2004 and owner of Dream Satellite Broadcasting and Bank of Commerce, among other assets.[2]

Its biggest achievement was when its flagship channel, ABC, won as the "Outstanding TV Station" award at the 2005 KBP Golden Dove Awards, with several other programs on the network also earning awards in their respective categories.

In early 2007, ABC suffered a setback when it implemented a series of budget cuts, primarily directed towards its news department, which laid off most of its employees.

On 2008, ABC-5 was rebranded as TV5 as it enters a partnership with MPB Primedia Inc., a local company backed by Media Prima Berhad of Malaysia as part of a long-term strategy to make the station more competitive. This caused the revitalization of its ratings from 1.9% in July 2008 (prior to the re-branding) to 11.1% in September 2009.[3]

Acquisition by PLDT[edit]

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. It was formally acquired on March 2, 2010 as announced by PLDT chairman Manuel V. Pangilinan. TV5 was reformatted on April 4, 2010 with a new lineup of programming and branding as the "Kapatid" ("sibling") network.[4] Dream FM was retained under Cojuangco management with TV5 as licensee until June 2011.

On October 1, 2010, TV5 took over the management of MediaQuest's Nation Broadcasting Corporation stations; DWFM was re-launched as a TV5-branded news radio station on November 8, 2010, Radyo5 92.3 NewsFM, and DWNB-TV was re-launched as AksyonTV on February 21, 2011, a news channel based on TV5's newscast Aksyon.[5][6]

In June 2011, Sports5 began a deal with the state-run Intercontinental Broadcasting Corporation to produce sports programming for the network under the brand AKTV. The blocktime deal ended on May 31, 2013, although TV5 continues to use IBC-13's Broadcast City facilities for sports events as MediaQuest Holdings is a possible bidder for the privatization of IBC-13.[7][8][9]

Through co-owned Pilipinas Global Network Ltd., international channels Kapatid TV5 and AksyonTV International were launched in April 2011. The channels were available in Europe, Middle East, North Africa, Guam, and the United States.

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.[10]

TV5 has also entered the social media space as it launched its online lifestyle site Kristn.com. The network launched an Pinoy online music portal Balut Radio and news video content site News5 Everywhere.[11]

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. He was replaced by Noel C. Lorenzana, the Head of the Individual Business for the PLDT Group.[12]

By December 23, 2013, the network relocated and began broadcasting from its new headquarters, the 63,000-sqm TV5 Media Center located in Reliance, Mandaluyong; vacating its Novaliches complex, which is in use from 1992, as well as its studios in Delta Theater (Quezon City), Broadway Centrum (New Manila), Marajo Tower (Bonifacio Global City) and the PLDT Locsin Building (Makati). The transmitter and corporate offices of TV5 remained at #762 Quirino Highway, Brgy. San Bartolome, Novaliches, Quezon City. Phase 1 (News5 Center) was completed on the same day while Phase 2 of the building (Entertainment Building) was completed by July 2014.[13][14][15]

Upon failure of acquiring a stake on GMA Network, ABC's parent, the Philippine Long Distance Telephone Company (PLDT) pours more funds to TV5. PLDT's subsidiary, ePLDT, Inc., invests P6-billion in the form of Philippine Depositary Receipts (PDRs) in MediaQuest to sustain the growth momentum of TV5 as well as affiliate Cignal TV. PLDT will also installing new platforms and technology that will suit consumers’ preference. TV5 Chair Manny Pangilinan predicted that TV5 will "break even" by 2017.[16][17]

In response to the process of shifting to Digital Terrestrial Television, ABC Development Corporation will invests P500-700 million in the next 4 years as preparation for its shift to digital TV. Currently, TV5 and AksyonTV conducts digital test broadcasts on channels 42 and 51 operated by TV5 affiliates Nation Broadcasting Corporation and GV Broadcasting Systems, Inc., respectively.[18]

Broadcast Assets[edit]

TV5[edit]

Main article: TV5 (Philippines)

TV5 (formerly known as ABC-5) is the flagship broadcast asset of ABC Development Corporation. Founded on June 29, 1960, its corporate name is TV5 Network, Inc. and it is branded as the Kapatid (Sibling) Network. Its programming includes news and information shows from News5, sports programming produced by Sports5, korean dramas and cartoons shows, movie blocks, comedy shows, game shows, as well as reality and variety shows.

AksyonTV[edit]

Main article: AksyonTV

AksyonTV (Action TV) is a news and sport television network co-owned by ABC Broadcasting Corporation and Nation Broadcasting Corporation. Founded on February 21, 2011, AksyonTV's programs comprises a combination of live news reports, documentaries, sports and current affairs programming. Its existing lineup of programming draws upon TV5’s own resources and its news partners. It also airs simulcasts programs of Radyo5 92.3 News FM and news programs of TV5.

Radyo5[edit]

Radyo5 is collective name for news/talk FM radio stations of the Nation Broadcasting Corporation. The stations' all-news format is co-branded with News5, the news department of the television channel TV5. The first one to adopt the format is DWFM 92.3 FM on October 1, 2010 followed by DYNC 101.9 FM Cebu on November 12, 2012 and DXFM 101.9FM Davao on December 3, 2012, with 3 relay stations serving Bacolod, Cagayan de Oro and General Santos City.

Cable/Satellite Assets[edit]

Colours[edit]

Main article: Colours (TV channel)

Colours, is a magazine cable/satellite television channel operated by TV5 through affiliate Cignal Digital TV. Launched on May 5, 2012, its programming composed primarily of lifestyle and reality shows.

Hyper[edit]

Main article: Hyper (TV channel)

Hyper is a sports and entertainment cable/satellite television channel operated by TV5 through Cignal Digital TV. Launched on April 14, 2012, its programming composed of local and foreign produced sports programs and events, some of them came from now-defunct primetime block AKTV, as well as Jai-Alai and horse racing events.

Fox Filipino[edit]

Main article: Fox Filipino

TV5 archived programs are also aired on Fox Filipino, a Philippine-exclusive cable/satellite channel owned and operated by Fox International Channels Philippines, a local subsidiary of 21st Century Fox owned by American businessman Rupert Murdoch. Fox Filipino was launched on March 1, 2012.

Internet/Social Media[edit]

Interaksyon.com/News 5 Everywhere[edit]

News 5 Everywhere (News5.com.ph) is the official online video and audio content management platform and Social TV of TV5. It also serves as online and on-demand streaming portal for TV5 and AksyonTV as well as serving as an online citizen journalism portal of News5.

Balut Radio[edit]

Main article: Balut Radio

Balut Radio is an Internet radio service of ABC Development Corporation. Founded on April 1, 2013, It features OPM and international music channels, as well as news and sports channels powered by News5 as well as radio channel that can be customized by users.

Kristn[edit]

Kristn, (kristn.com) also known as Hitlist by Kristn, is an online lifestyle hub of TV5. It features exclusive content on food & dining, movies, tech & gaming, music & events, men's lifestyle and celebrity features.

International Presence[edit]

Main article: Kapatid TV5

TV5's International Presence is overseen by Pilipinas Global Limited, Ltd. (PGN), a joint subsidiary of ABC Development Corporation (40%) and its parent the Philippine Long Distance Telephone Company (60%), Founded 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. Through these subsidiaries, PGN acts as the sole and exclusive distributor and licensee of the programs, shows, films and channels of TV5 through international syndication and its owned-and-operated channels, the Kapatid TV5 and AksyonTV International.[19]

Prior to this, TV5 (formerly ABC-5) airs its programs through an international channel, The Mabuhay Channel and its counterpart in Canada. The Mabuhay Channel features a wide array of programming from movies, music, sports, entertainment, current affairs to children's and lifestyle programming from ABC-5 as well as PTV-4, IBC-13, the CCI Asia Group and VIVA Entertainment. It is founded on July 22, 2004 by Philippine Multimedia Systems, Inc. (PMSI), current operator of Dream Satellite TV and by-then sister company of ABC-5 (PMSI and ABC-5 are owned by Antonio "Tonyboy" Cojuangco, Jr.) It was closed on August 18, 2008, 9 days after ABC-5's rebrand to TV5 and due to the channel's pullout from Dish Network.

Defunct Channels[edit]

AKTV[edit]

Main article: AKTV

AKTV is a primetime sports programming block produced by Sports5 division of TV5 and was aired on state-run Intercontinental Broadcasting Corporation (IBC). Formed by an blocktime agreement on February 28, 2011, it was launched on June 5, 2011 by an AKTV Run at the SM Mall of Asia in Pasay City. However, due to high airtime caused by the impending privatization of IBC, AKTV ceased airing on May 31, 2013 although TV5 continues to use IBC's Broadcast City facilities for its sports programming as TV5's parent, MediaQuest Holdings, has a potential bid for its privatization that was aimed to happen by 2016.

Weather Information Network[edit]

Weather Information Network is the first weather-oriented television channel in the Philippines. It is created on May 2012 as TV5 forms a partnership with New Zealand-based Metra Weather. the channel brings projected storm tracks, wind direction, rain volume, water conditions, regional and provincial weather, and seven-day forecasts as well as other information related to weather. The channel ceased airing on December 23, 2013, as TV5 transfers its broadcast facilities from its Novaliches compound to TV5 Media Center in Mandaluyong City.

Subsidiaries[edit]

References[edit]

  1. ^ a b "TV5 losses double to P4.1B in 2011". The Philippine Daily Inquirer. Retrieved 8 August 2012. 
  2. ^ "Cojuangco, Tan set to sign ABC-5 deal". The Philippine Star. September 23, 2003. Retrieved 2 June 2013. 
  3. ^ AGB-NMR
  4. ^ "Revamped TV5 parades new programs and roster of stars at its trade launch". Philippine Entertainment Portal. 26 March 2010. Retrieved 8 August 2012. 
  5. ^ "TV5 allocates P10b to battle ABS-CBN, GMA-7". Manila Standard Today. Retrieved 8 August 2012. 
  6. ^ "TV5 claims to be No. 2". BusinessWorld. Retrieved 8 August 2012. 
  7. ^ "TV5 airs primetime sports block AKTV on IBC-13". The Philippine Star. Retrieved 8 August 2012. 
  8. ^ "Athletes and TV5 celebs to grace AKTV Run Sunday morning". News5. Retrieved 8 August 2012. 
  9. ^ "TV5 using IBC-13 facilities". BusinessMirror. September 17, 2014. Retrieved September 18, 2014. 
  10. ^ "Cignal forges on with the most HD channels nationwide launches original premium offerings". News5. Retrieved 8 August 2012. 
  11. ^ [1] ‘Kristn’ paves way for TV5′s charge into digital revolution
  12. ^ Lorenzana is new head of Mediaquest, TV5, as Espinosa moves up to First Pacific retrieved April 23, 2013
  13. ^ "TV5 Media Center Groundbreaking Coverage". New Media Philippines. Retrieved 8 August 2012. 
  14. ^ "Kapatid network’s new home". PhilStar.Com. Retrieved 21 December 2013. 
  15. ^ "Bagong Tahanan ng TV5 sa Mandaluyong, Silipin". News5 Everywhere. Retrieved 21 December 2013. 
  16. ^ "TV5 now expects to break even by 2017". Interaksyon. Retrieved 18 September 2014. 
  17. ^ "After failed GMA-7 deal, MVP group to invest more in TV5". Rappler. Retrieved 18 September 2014. 
  18. ^ "TV5 allotting up to P700M for shift to digital TV". Interaksyon. Retrieved 18 September 2014. 
  19. ^ PGN Ltd. Corporate Profile retrieved September 19, 2014