The country's only government television network began operations in 1974 as Government Television (GTV-4). It was renamed Maharlika Broadcasting System in 1980 and following the People Power Revolution in 1986, became People's Television (PTV 4).
On March 26, 1992, President Cory Aquino signed Republic Act 7306 turning PTV Network into a government corporation known formally as People's Television Network, Inc.
Shortly after he took over the mantle of government in June 1992, President Fidel V. Ramos appointed PTV Network's first board of directors. The Network was given a one-time equity funding for capital outlay. Since 1992, PTV has been operating on revenues it generates on its own. Republic Act 7306 stipulates that the government shall not appropriate funds for the operations of the Network.