TV5 Media Center
| TV5 Media Center | |
|---|---|
| General information | |
| Type | office, studio, broadcasting |
| Location | Reliance cor. Sheridan Streets, Barangay Buayang Bato, Mandaluyong City, Philippines |
| Construction started | 2011 |
| Opening | December 23, 2013 |
| Cost | ₱6 billion |
| Owner | TV5 Network |
| Technical details | |
| Floor count | 9 |
| Floor area | 6,300 square meters |
The TV5 Media Center is modernized corporate and broadcast complex in Mandaluyong City, opened in 2013. It serves as the headquarters of TV5 and also houses its affiliates Cignal Digital TV, Philex Mining Corporation and Voyager Innovations, Inc., all under the helm of the MVP Group of Companies.
The construction of TV5 Media Center began in January 2011 in the site where the former PLDT warehouse was located, 10 months after TV5 was acquired by MediaQuest Holdings, a media conglomerate of PLDT from the Cojuangco family and Malaysia-based broadcaster Media Prima, in an effort to update its existing technologies for a seamless transition to digital broadcasting and to acquire clearer broadcast signal; as well as to consolidate business and studio production operations from its original Novaliches broadcast facility, in which was used from ABC/TV5's reopening in 1992, Delta Theater in Quezon City, Broadway Centrum in New Manila, Marajo Tower in Bonifacio Global City and the L. V. Locsin Building in Makati.
The construction of the new facility will include two phases. The first phase is the construction of the news department and the target completion was in the fourth quarter of 2011. The second phase involves the entertainment department which is targeted to completed on the following year.₱6 billion of capital expenditures from the parent MediaQuest was used in the construction of the facilities. However, the restricted cash flow in the earlier years of construction caused the delay in the completion. The first phase is actually completed in December 2013, while the second phase is targeted to completed in November 2016. The main corporate and broadcast operations of TV5 Network, Inc. was moved to the facility between the said dates, although TV5's transmitter and occasional production of its programs remain in the original Novaliches studios.
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