The following is a list of events affecting Philippine television in 1987. Events listed include television show debuts, finales, cancellations, and channel launches, closures and rebrandings, as well as information about controversies and carriage disputes.
| Date | Show |
|---|---|
| January 4 | Sic O'Clock News on IBC 13 |
| January 5 | GMA News Live on GMA 7 |
| January 10 | Kabuhayan Muna on ABS-CBN 2 |
| January 14 | Straight from the Shoulder on GMA 7 |
| February 22 | Shades on GMA 7 |
| February 28 | Movie Magazine on GMA 7 |
| March 2 | Gintong Kristal on GMA 7 |
| Let's Go Crazy on ABS-CBN 2[1] | |
| Star Smile Factory on ABS-CBN 2 | |
| TV Patrol on ABS-CBN 2[2] | |
| Not so Late Night with Edu on ABS-CBN 2 | |
| Captain Barbell on RPN 9 | |
| Kalatog Pinggan on ABS-CBN 2 | |
| March 3 | Palibhasa Lalake on ABS-CBN 2 |
| Rumors: Facts and Humors on ABS-CBN 2 | |
| March 4 | Chika Chika Chicks on ABS-CBN 2 |
| Loveli-Ness on ABS-CBN 2[3] | |
| March 5 | Regal Presents on ABS-CBN 2 |
| Young Love, Sweet Love on RPN 9 | |
| March 6 | Probe on ABS-CBN 2 |
| March 7 | Family Rosary Crusade on ABS-CBN 2 |
| Martin and Pops Twogether on ABS-CBN 2 | |
| Dance-2-Nite on ABS-CBN 2 | |
| Super Suerte sa 9 on RPN 9 | |
| March 8 | Tawag ng Tanghalan on ABS-CBN 2 |
| Always, Snooky on ABS-CBN 2 | |
| Million Dollar Movies on ABS-CBN 2 | |
| April 24 | Mother Studio Presents on GMA 7 |
| May 23 | Mga Kwento ni Lola on ABS-CBN 2 |
| June 3 | Barrio Balimbing on ABS-CBN 2 |
| August 1 | Saturday Shopping with Mr. and Ms. on ABS-CBN 2[4] |
| August 13 | Chicks for Cats on IBC 13[5] |
| August 31 | Kaming Mga Ulila on GMA 7 |
| September 7 | Agila on RPN 9 |
| October 5 | Kapihan sa Nayon on IBC 13[6] |
| October 26 | Balita Ala-Una on PTV 4 |
| Pangunahing Balita on PTV 4 | |
| News on 4 on PTV 4 | |
| October 30 | Cloud Nine on RPN 9[7] |
| November 6 | Apple Pie, Patis, Pate, Atbp. on RPN 9[8] |
| November 11 | Balintataw on PTV 4 |
| November 17 | Maricel Regal Drama Special on ABS-CBN 2 |
| November 26 | Okay Ka, Fairy Ko! on IBC 13[9] |
| Date | Show | No. of seasons | Moved from | Moved to |
|---|---|---|---|---|
| January 14 | Straight from the Shoulder | MBC | GMA Network | |
| March 4 | Chicks to Chicks | (as Chika Chika Chicks) | IBC | ABS-CBN |
| October 26 | Pangunahing Balita | ABC | PTV | |
| Unknown | Goin' Bananas | IBC | ABS-CBN | |
| Sesame Street | BBC (now ABS-CBN) | IBC | ||
| Not So Late Night With Edu | GMA Network | ABS-CBN | ||
| Voltes V | PTV | |||