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JTBC

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JTBC (Hangul: 제이티비씨; abbreviation of Joongang Tongyang Broadcasting Company; stylized as JTBC) is a South Korean subscription network and broadcasting company, in which the largest shareholder is JoongAng Ilbo/The JoongAng Group with 25% of shares. It was launched on 1 December 2011.

JTBC is one of four new South Korean nationwide generalist cable TV networks alongside Dong-A Ilbo's Channel A, Chosun Ilbo's TV Chosun, and Maeil Kyungje's MBN in 2011. The four new networks supplement existing conventional free-to-air TV networks like KBS, MBC, SBS, and other smaller channels launched following deregulation in 1990.

History

The JoongAng Ilbo, which used to be a part of the Samsung Group, had owned a TV station before. In 1964 it founded the Tongyang Broadcasting Corporation (TBC) and ran the network for 16 years. In 1980, however, TBC was forcibly merged with the state-run KBS by the military regime of Chun Doo-hwan. Market watchers see the return of JoongAng Ilbo to television in JTBC as the reincarnation of TBC.

Timeline:

  • 26 June 1964: Tongyang Broadcasting Corporation was launched.
  • 7 December 1964: TBC-TV Started broadcasting on channel 7.
  • 30 November 1980: TBC-TV merged with KBS Television by the special law of Chun Doo-hwan, president of military authorities, resulting in the launching of KBS 2TV.
  • 22 July 2009: Amendment of the Media law passed the national assembly to deregulate the media market of South Korea.
  • 31 December 2010: JTBC, TV Chosun, MBN, Channel A selected as General Cable Television Channel Broadcasters.
  • 11 March 2011: JoongAng Ilbo established a JTBC corporation.
  • 1 December 2011: JTBC (Joongang Tongyang Broadcasting Company) (Channel number 15) started broadcasting.
  • May 2013: Former MBC news anchor Sohn Suk-hee was designated as JTBC's new president for its news division.
  • January 2015: JTBC constructs a new buil
  • ding in Digital Media City in Sangam-don