TV Viisi (also called TV5) was originally launched in March 2004, but was quickly replaced on November 2004.
TV Viisi was relaunched on September 2008 and began operating.
TV Viisi's visual identity was overhauled on October 1, 2010, and the channel now uses the same logo and idents of its Swedish counterpart Kanal 5.
In 2011, TV5 was split from Kutonen as a separate channel.
In 2014, RKO Holdings purchased TV Visii and Kutonen.