The company was established in 1986 as the
SBS Radio Network Inc. (Sarao Broadcasting Systems), co-owned by the
Sarao family (owner of
Las Piñas-based
Sarao Motors) and the Vera family (original owners of
FBS Radio Network). In 1992, Luis and Leonida Vera's eldest son, Atty. Jose Luis Vera, took full control of the company and renamed it as
Quest Broadcasting Inc. On December 12, 2012,
Philippine President Benigno Aquino III signed Republic Act No. 10342 grants Quest Broadcasting, Inc.'s legislative franchise for another 25 years. The law granted QBI hereunder referred to as the grantee, its successors or assigns, a franchise to construct, install, establish, operate and maintain for commercial purposes and/ in the public interest, radio broadcasting stations and television broadcasting stations, including digital television system in the Philippines, where frequencies and/or channels are still available for radio broadcasting, through microwave, satellite or whatever means, including the use of any new technologies in radio systems, with the corresponding technological auxiliaries and facilities, special broadcast and other program and distribution services and relay stations in the Philippines. In April 2013, all Killerbee stations in regional areas started carrying the Magic branding (adopted from its
Manila flagship station). By 2022, its regional stations were leased to different management, leaving
DXEL in Zamboanga as the sole regional station of Magic Nationwide. ==Radio stations==