HISTORICAL BACKGROUND

ABC Channel 5

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. 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. 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 ABCs 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 Associated Broadcasting Company on February 21, 1992, with ABC Development Corporation as the new corporate name. Its radio counterpart, Kool 106 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.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. 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.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" network. Dream FM was retained under Cojuangco management with TV5 as licensee until June 2011.

MANNY PANGILINAN

Manuel Velez Pangilinan commonly known as Manny Pangilinan or MVP, is one of the highest paid Chief Executive Officers in the Philippines slipping on the 50th spot of Forbess list of top 50 richest Filipinos in 2014. He is the CEO of Philippine Long Distance and Telephone Company or PLDT, the Philippines pioneer in telecommunications. He is also known as the CEO ofHong Kongs First Pacific, Smart Communications, Meralco, TV 5 and more.

Family Background

Manny Pangilinan was born in July 14, 1946, becoming the second son of Mr. Dominador Pangilinan. His father started as a messenger at Philippine National Bank but retired as the president of Traders Royal Bank. His grandfather also started as a simple public teacher in Pampanga and Tarlac and eventually rose through the ranks to become superintendent of public schools and eventually became the secretary of education.

Their family shared the same mind-set in achieving their ambitions by never using their power for their own advantage and to be strong enough not to be seduced by greed.

Education

Manny attended his elementary and secondary years as a scholar in San Beda. He took up his Bachelor Degree in Economics in Ateneo de Manila University, also as a scholar. He had shared in his commencement speech that he made sure he would not lose his P10 weekly allowance in college which includes his jeepney fare, or else, he would have walked home. According to him, most of his classmates have their own cars and even have their own drivers. This did not deter him but instead, encouraged him to strive forth in order for him to experience comfort in the future.

As Mannys graduation was approaching, he had spoken with his father about taking a masters degree in the United States but was denied by his father due to lack of money for an education abroad. With determination to succeed, passion and hard work, he won a national competition of Procter & Gamble for a rare scholarship to the University of Pennsylvanias Wharton School.

Work Experience

After two years of studying in Philadelphia, Manny returned in the Philippines hoping that he would land a managerial position in a large company. However, his benefactor, Procter & Gamble, declined.

Manny took the first job that was offered to him to be an executive assistant to the president of Phinma for P1,000 a month. But he wanted to prove to everyone that he can stand on his own and succeed. After six years in Phinma, he decided to work in Hong Kong. He was recruited in Bancom International, a Philippine investment bank based in Hong Kong, and learned the dynamics of international finance from his Chinese colleagues.

Manny experienced another setback when he expected to be chosen as the Chief Executive Officer of a joint venture investment bank with American Express (AMEX). He was disappointed and even depressed but he decided to continue on.

An entrepreneur and corporate activist

In 1981, Manny, together with some of his clients foremost being Anthony Salim, founded First Pacific which will cater his idea on regional banking and trading business. They started out with a small capital in a 50 square meter office and with only six people. By 2006, the companies that constitute First Pacific earn sales of $5 billion and employ 60,000 employees all over the region.

After 22 years in Hong Kong, Manny returned to the Philippines determined to repair and renew the company they invested in seven years ago Philippine Long Distance Telephone Company (PLDT). He proved to his critics that they can indeed make the change. They reduced the number of employees from 14,000 to 9,000, changed suspicious practices and fortified honesty and transparency, and transformed the mindset of bureaucrats to that of innovators and entrepreneurs. He also did the same with Piltel or Talk N Text. And from then on, every company that has been attached to his name suddenly prospers.

Awards

Some of the prestigious awards received by MVP through the years:

Ten Outstanding Young Men of the Philippines (TOYM) Award for International Finance in 1983 The Presidential Pamana ng Pilipino Award by the Office of the President of the Philippines in 1996 Best Chief Executive Officer in the Philippines by Institutional Investor in 2004 Chief Executive Officer of the Year (Philippines) by Biz News Asia in 2004 People of the Year by People Asia Magazine in 2004 Distinguished World Class Businessman Award by the Association of Makati Industries, Inc. in 2005 Management Man of the Year by the Management Association of the Philippines in 2005 Order of Lakandula (Rank of a Komandante) by the Office of the President of the Philippines in 2006

OTHER SUBSIDIARIES AND AFFILIATES

TV5 Network Inc. which was formerly known as ABC Development Corporation has subsidiaries which include: Alagang Kapatid Foundation, Cignal Digital TV, CineMabuhay, Digital 5,Dream Satellite TV, Entertainment 5, Media 5, News 5, PLDT-Smart Foundation, Radyo 5, Rescue 5, Sports 5, Studio 5, Talent 5, and Pilipinas Global Network Ltd. Each subsidiary has their own function which all in all made the TV5 network operations more flexible. Further, it also has affiliates and productions such as: MPB Prime Media Inc., Unitel Pictures, Pixelgrain Inc., Blue Screen Entertainment, Red Communications and Jojoatv Entertainment.

The television network TV5 which was solely owned by Media Quest Holdings, which became a wholly owned subsidiary of a beneficial trust of the Philippine Long Distance Telephone Company headed by the business tycoon Manny V. Pangilinan. On the other hand, Meralco has been in lined with TV5 because of common ownership.

Aside from the ownership of the well-known network, TV5, Manny V. Pangilinan also have ownership on companies like Philippines Long Distance Telephone, Manila Electric company or Meralco, and Indofood Sukses Makmur Tbk, which is an Indonesian instant noodles maker. He also founded the First Pacific on 1981, which is a Hongkong based company.

The Philippine Long Distance Telephone Company is the Philippines leading wireless service provider. It offers a wide range of telecommunication services across the country. Its subsidiaries include: Smart Communications, SPi Global, Digital Telecommunications Philippines, Nation Broadcasting Corporation, PLDT Communications and Energy Ventures and GV Broadcasting Systems. On the other hand, it also has shares on Hasting Holdings such as in Philippine Star, Philippine Daily Inquirer and Business World.

In relation with PLDT, Meralco is considered as one of the companys industry partners and also considered as TV5s sister company. Meralco is the countrys largest distributor of electrical power. It is the only electric company which holds most franchise for electrical distribution. It provides power to 5.5 million consumers in 35 cities and 76 municipalities, including Metro Manila, the provinces of Rizal, Cavite and Bulacan, and parts of the provinces of Pampanga, Batangas, Laguna and Quezon.Its subsidiaries include: MGen Power Generation, MIESCOR, Mserv Energy Services Company, Radius Telecoms, Bayad Center, and Republic Safety and Insurance.

REASON FOR ACQUIRING

Due to the Martial Law way back year 1972, ABC was forcibly shut down. In 1986, after the People Power Revolution, 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 ABCs articles of incorporation and by-laws. They were subsequently granted a permit to operate by the National Telecommunications Commission (NTC).

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.

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.

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. 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.

TV 5

TV5 (formerly known as ABC 5) is a major Filipino commercial television network based in Mandaluyong City, Philippines. Owned by TV5 Network, Inc., solely owned by MediaQuest Holdings, Inc. which in turn is a wholly owned subsidiary of the beneficial trust fund of the Philippine Long Distance Telephone Company headed by business tycoon Manuel V. Pangilinan.

Named after its flagship station in Metro Manila, DWET-TV which is carried in VHF channel 5, TV5 is broadcasting to over 25 other owned-and-operated stations, and 8 affiliated television stations nationwide as its programming is also carried overseas through Kapatid TV5 channel.

TV5's program lineup includes news and current affairs programs, dubbed cartoons, movies, and infomercials, variety shows, gag shows, reality shows, sports, teleseryes and Japanese anime shows.

On its second month since its re-launch last August 9, 2008, TV5 has been reportedly on Top 3 based on the AGB Nielsen survey. It also gained its rating on their Nick on TV5 morning cartoon block, and its popularity because of their former AniMEGA primetime anime block.

In 2013, the network's ratings improved as they launched the Weekend Do It Better and Everyday All The Way programming blocks under the helm of the Chief Entertainment Content Officer, Wilma Galvante, however some of the programs under the block were discontinued.

In 2014, the network launched another set of new programs under the "Happy Ka Dito!" campaign of the network.

In 2015, TV5 launched more than a dozen programs which are more focused to light entertainment and sports programming under its "Happy sa 2015" campaign.TV5 programs are seen internationally via Kapatid TV5, and is currently available in Guam, the Middle East, North Africa, Europe, Canada, and the United States.

References:http://www.millionaireacts.com/569/manny-pangilinans-success-story.htmlhttp://businesstips.ph/manny-pangilinan-a-filipino-entrepreneurs-success-story/http://filipinoelites.com/manuel-pangilinan-and-his-unbelievable-network-of-huge-companies.htmlwww.tv5.com.ph/http://en.wikipedia.org/wiki/TV5_Network,_Inc.