On November 30, 2018, TV5 Network announced that AksyonTV would be rebranded as 5 Plus on January 13, 2019, with its programs consisting mostly of sport events.

Eventually, MTV Networks Asia Pacific entered into an agreement with Nation Broadcasting Corporation to transmit its localize music channel via its UHF channel and started broadcasting MTV Philippines on January 1, 2001, until the partnership ended on February 15, 2007.

In March 2010 MediaQuest Holdings, a PLDT subsidiary, the Philippines' largest telecommunication company, announced the acquisition of ABC Development Corporation, broadcaster of TV5 from the joint consortium led by former PLDT Chairman Antonio "Tonyboy" O. Cojuangco, Jr. and Malaysia-based broadcaster Media Prima Berhad.

In October 2010, through its flagship station, it took over the management of Nation Broadcasting Corporation and its radio and television businesses, particularly 92.3 News FM and UHF channel 41.

Consequently, UHF channel 41 went on air and began its initial test broadcast of its radio station 92.3 News FM from 12:00 noon to 8:00 p.m. (Philippine Standard Time, UTC+8).

In December 2010, ABC Development Corporation announced plans to launch its own news and sport-related channel.

Since December 2013, AksyonTV removed its 24-hour broadcasting activities due to cost-cutting measures by the management as well as NTC's rules and regulations for affiliated free-to-air TV stations.

Since October 2015, AksyonTV dropped its simulcast of the PBA games after the move of the Filsports Basketball Association from PTV as part of PTV-4 reorganization and the taped airing of the PCBL (Pilipinas Commercial Basketball League) and other PSL (Philippine Super Liga) games on the same network every weeknights and weekends.

In 2016, AksyonTV further improved its sports programming, starting the year with the return of the PBA D-League on Sports5 and being the second home of the UFC (including The Ultimate Fighter) and the PGA tour after its parent network TV5 and satellite channel Hyper.

Programming was distributed equally between newscasts, sports (since June 2013 after the expiration of Mediaquest-IBC 13 blocktime agreement), live coverage of important news events, and talk shows.

[8] In its complaint, ABC and NBC criticized SkyCable for its inaction to the request of the latter and subsequently non-inclusion of AksyonTV to its lineup, despite local laws instructing all cable and satellite companies operating in the Philippines to carry all free-to-air networks.

Under Memorandum Circular 4-08-88 (or otherwise known as the “Must Carry Rule”), all entities in the cable and satellite businesses are required to include all free-to-air channels on its system regardless of its capabilities.

SkyCable on the other hand revoke its compliance to the order due to system capacity and will conform once an additional facility is in place.