Joaquin "Chino" Roces, owner of The Manila Times, was granted a radio-TV franchise from Congress under Republic Act No.

[5] ABC operated radio and television services from July 1962 until September 23, 1972, when the late former President Ferdinand Marcos declared Martial Law.

After the People Power Revolution in 1986, Roces made a successful appeal to Corazon Aquino for the reopening of the network until his death on September 30, 1988.

New stockholders led by businessman Edward Tan and Roces' son Edgardo then began the arduous task of bringing the network back on the air.

The Securities and Exchange Commission granted their application for an increase in capitalization and amendments to ABC's articles of incorporation and by-laws.

In October 2003, ABC was acquired by a group led by businessman Antonio "Tonyboy" O. Cojuangco Jr. who served as Chairman of the Philippine Long Distance Telephone Company (PLDT) from 1998 to 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.

In 2008, ABC-5 was rebranded as TV5 as it entered 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.

The two acquisitions was completed on March 2, 2010, as announced by PLDT chairman Manuel V. Pangilinan; he had previously intended to acquire ABC as early as 1999.

[9] ABC's radio arm Dream FM was retained under Cojuangco management after the latter had transferred its ownership to Interactive Broadcast Media.

[12][13] 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 block time 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.

Rey Espinosa stepped 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.

[18] By December 23, 2013, the network relocated and began broadcasting from its new headquarters, the 6,000 square meter 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).

[19][20][21][22][23][24] After failure to acquire a stake on GMA Network, TV5's ultimate parent, the Philippine Long Distance Telephone Company (PLDT) increased funding for TV5.

PLDT's subsidiary, ePLDT, Inc., invested P6 billion in the form of Philippine Depositary Receipts (PDRs) in MediaQuest to sustain the growth of TV5 as well as affiliate Cignal TV.

[27][28] In December 2014, ABC Development Corporation partnered with Singapore-based studio Brand New Media to launch a multi-channel datacasting service 4ME Philippines.

4ME will feature original content, produced both in the Philippines and internationally, for a network of lifestyle channels covering food, health, fashion, tech, comedy, travel, home, entertainment, celebrity, sport, outdoor adventure and music.

[33] After President Rodrigo Duterte came into office on June 30, 2016, many news anchors such as Cherie Mercado and Martin Andanar left the network to work for his administration.

Along with the said launch, the network also started its five-brand strategy which consists of News5 (News), ESPN5 (Sports), On5 (Entertainment and other content), D5 Studio (Digital) and the newly revived Studio5 (Films and Originals).

In January 2021, TV5 started broadcast of selected programming produced by ABS-CBN to expand its nationwide reach following the shutdown of the latter's free-to-air network on May 5, 2020.

[60] On August 24, the two broadcasting companies agreed to pause their closing preparations for the deal following concerns from politicians and some government agencies.

[66] On April 16, 2023, the main channel switched its airing of aspect ratio quality on the channel feed and its programming to widescreen format (16:9) as being converted its mitigation of reception through analog (until the end of the year) and digital signal reception through free TV and other cable and satellite television providers after more than 31 years on the usage of broadcast video picture resolution that migrated from full screen format (4:3).

[75] On February 1, 2024, following the closure of CNN Philippines, TV5 announced that it has launched the new free-to-air channel RPTV in partnership with NMC and RPN.

Its headquarters can be found at the TV5 Media Center in Mandaluyong and alternative studios at the TV5 Broadcasting Complex in Novaliches, Quezon City.

AKTV was 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.

TV4ME Philippines was a digital advertorial datacasting service operated under the joint venture of TV5 and Brand New Media, a Singapore-based online content provider.

It offered original programs that ranges from food, health, travel, shopping, motoring, property, business, finance, careers, sports, hobbies, and technology.

Its films include Lasponggols, Pepot Artista, and Room Boy (2005), Tulad ng Dati (2006), Rosario (2010), Penduko and GomBurZa (2023) and The Kingdom (2024).