Associated Broadcasting Company is a major commercial television network in the Philippines solely owned by MediaQuest Holdings, Inc., a wholly owned subsidiary of the Philippine Long Distance Telephone Company headed by business tycoon Manuel V. Pangilinan. Its parent company, the Associated Broadcasting Company, also owns and operates other media properties, including the news channel AksyonTV, sports network blocktimer AKTV, and news radio station DWFM in Quezon City, as well as cable/satellite channels Colours, Hyper and Weather Information Network. 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 with 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.
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