CNN Philippines confirms shutdown, ceases operations effective January 31

After nine years of running on local television, CNN Philippines is going off the air effective January 31. 

The network is shutting down after several years of financial losses. It confirmed the news via an advisory published across all its social platforms on Monday. 

“CNN Philippines will discontinue operations on all media platforms effective Wednesday, January 31, 2024. A trusted source of news and information, CNN Philippines is accessible on free-to-air TV, cable, and digital platforms,” it said.  

The company also expressed gratitude to its staff, partners, and viewers for their support through the years. 

“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,” it said. 

“And to our viewers, our sincerest gratitude for your loyalty and trust over the past 9 years,” it said. 

In the network’s recent financial statements, CNN disclosed that it has incurred a net loss of P239.7 million in 2022 and P231.4 million in 2021.

The decision to give up CNN has been made since last approved by network owner and operator Nine Media Corp. of the Cabangon family, but the implementation was deferred due to the holiday season. 

CNN Philippines has been using RPN9’s frequency since the company’s launch in 2015. 

After the shutdown, the government shall retake the frequency.

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