CNN Philippines closing down

CNN has confirmed closure of its Philippines operations, with reports up to 300 jobs will be lost.

“CNN Philippines will discontinue operations on all media platforms effective Wednesday, Jan 31, 2024,” the company said in a posting on social media. “A trusted source of news and information CNN Philippines is accessible on free-to-air TV, cable and digital platforms. 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.

“Turning the final page of the CNN Philippines newsroom’s story. We are forever grateful for the stories we’ve shared, the audience we’ve served, and to our dedicated team for their commitment to uphold the values of truth, accuracy, fairness, and accountability. Thank you for the privilege to tell the story of the Filipino.”

CNN Philippines was launched in 2015 under a brand licensing agreement between Turner and Nine Media Network, a Philippines company that is a wholly-owned subsidiary of the ALC Group of Companies.

But Variety reports the operation is understood to have accumulated losses of more than $89 million (AU$135m).

In a separate statement CNN Worldwide said: “CNN Philippines has been popular amongst audiences in the Philippines and a valued affiliate partner for CNN, winning many awards during this time. CNN International will continue to be available to all viewers in the Philippines as before. CNN via CNN International on TV via Cignal, Sky Cable and distributed via Cable Boss, online at CNN.com and via social media platforms.”