The morning program will be one of the first casualties from the ESPN deal.
The move represents a homecoming for Araullo, who prior to becoming a household name at ABS-CBN hosted the now-defunct '24 Oras' segment 'ATOMic Sports.'
The new morning team will also include former 'Umagang Kay Ganda' host Andrei Felix, and Claudine Trillo.
The veteran journalist will become the new executive producer of the long-running 'The World Tonight.'
Pangilinan and other top TV5 bosses are finalizing a deal with the Bloomberg group to form a localized business news channel.