 However, on February 1, 1975, during the martial law era, due to a constitutional limitation prohibiting the ownership of media by non-Filipinos or corporations not 100% Filipino owned, the network was sold to a Marcos crony named Roberto Benedicto, who also owned Kanlaon Broadcasting System (KBS), and was renamed Intercontinental Broadcasting Corporation.IBC later sequestered by the government following the EDSA Revolution in 1986.On October 31, 1993, Radio Mindanao Network became the second radio-based network to launch a TV network called Cinema Television (CTV) through its flagship station, DWKC-TV and other regional stations.