dwwx-tv (formerly dzaq-tv) station owned by abs-cbn was shut down following the declaration of martial law in 1972, and served as the flagship station of bbc. roberto benedicto, a crony of then-president ferdinand marcos and owner of the kanlaon broadcasting system, took over the abs-cbn broadcasting center complex on bohol (now sergeant esguerra) avenue in quezon city after the kbs studios along roxas boulevard in pasay city (which were ironically sold to them by abs-cbn in 1969) were destroyed by fire on june 6, 1973, a few months before bbc went on air. the new network was named the "banahaw broadcasting corporation" after mount banahaw, a dormant volcano located in southern luzon known for its hot springs and mystical associations.