TV5 Network Inc. (formerly known as Associated Broadcasting Company / ABC Development Corporation) is a Filipino media company based in Mandaluyong City. It is owned by MediaQuest Holdings, Inc., a wholly owned subsidiary 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, the radio network News FM, satellite television channels Colours, Hyper, Bloomberg TV Philippines and Sari-Sari Channel as well as digital and online portals TV4ME Philippines, TV5.com.ph Sports5.ph, and News5 Everywhere.HistoryOriginJoaquin "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.