China Television Company, known as "VisionChina" or "CTS" for short in English, is the third TV company in Taiwan jointly invested by the education department, defense department, business people and overseas Chinese leaders of the Taiwan authorities. Together with Taiwan Television Company (TTV) and China Television Company (CTV), it is called the third TV company in Taiwan. Together with private National Television Corporation (ftv) and Public Television Stations (PTS), the old three are the only five radio television stations in Taiwan, abbreviated as Radio Five.