Manila, Philippines – CNN Philippines has announced that it will be discontinuing its operations across all media platforms on January 31. This officially confirms early media reports of the closure as Nine Media Corporation and CNN agreed to close the television network.
In an advisory sent out by the network on its television channel, it indicated that the cessation of its operations will roll out across free-to-air TV, cable TV, and digital platforms. This advisory has been also posted across its social media channels.
Tristan Nodalo, a reporter for CNN Philippines, has confirmed the news as well, stating that according to CNN Philippines President Benjamin Ramos, they will stop news production operations as a result of serious financial losses. This was announced during a general assembly of the network earlier this day.
“To our staff, we thank you for your commitment and dedication. To our partners, including CNN Worldwide / Turner Broadcasting Corporation, we are grateful for your support. And to our viewers, our sincerest gratitude for your loyalty and trust over the past 9 years,” the advisory read.
CNN Philippines was officially launched in March 2015, and was operated by Nine Media Network, with Radio Philippines Network (RPN) serving as the media’s main content provider. It was the fifth local franchisee of CNN in Asia following CNN Indonesia, CNN Türk, CNN Arabic and CNN-IBN in India.
CNN Philippines’ closure also follows the recent announcement from SKY Cable that it will cease broadcasting on February 26 in anticipation of PLDT’s acquisition to its broadcasting business.
