 On October 29, 1961, the company launched its first television station, RBS TV Channel 7 using local VHF channel 7.In 1963, DYSS Television was launched in Cebu.From Loreto F. de Hemedes, Inc., the firm was formally renamed to Republic Broadcasting System, Inc. in 1974, when a triumvirate composed of Gilberto Duavit Sr., Menardo Jimenez and Felipe Gozon took over the management.