Television network CNN Philippines on Monday, January 29, formally announced that it would cease operations on all media platforms after 9 years on air.
In a statement posted on its official Facebook page, the management of CNN Philippines said it would discontinue delivering news and information on free-to-air television, cable, and digital platforms starting January 31, 2024.
"CNN Philippines will discontinue operations on all media platforms effective Wednesday, January 31, 2024," it said.
The TV network's management thanked its staff for their commitment and dedication, and also its partners for their support.
"And to our viewers, our sincerest gratitude for your loyalty and trust over the past 9 years," it ended.
In a separate statement posted on CNN Philippines' official website, Nine Media Corp., the company that operates CNN Philippines, confirmed the cessation, attributing this to great financial losses.
"The decision follows significant financial losses sustained over the past years, despite rigorous efforts to adapt and innovate in a rapidly evolving and challenging media landscape," it said.
Nine Media Corp. also extended its gratitude to all CNN employees, partners, and stakeholders.
CNN Philippines is a franchise of CNN, a 24-hour cable news channel based in the United States.
The television network first aired in October 2015, and since then, it has been delivering local and international news to Filipinos nationwide.
