In a surprising turn of events, CNN Philippines has declared that it will cease operations across all media platforms, effective January 31. This announcement confirms earlier speculations about the network’s closure, following an agreement between Nine Media Corporation and CNN to shut down the television network.
Comprehensive Shutdown Across Platforms
The network, in an advisory broadcasted on its channel and shared on social media, stated that the shutdown would span free-to-air TV, cable TV, and digital platforms. This comprehensive closure marks a significant shift in the Philippine media landscape.
Financial Woes Lead to Operational Halt
Tristan Nodalo, a reporter for CNN Philippines, revealed that the network’s President, Benjamin Ramos, cited severe financial losses as the primary reason for halting news production operations. This announcement was made during a general assembly held earlier in the day.
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Gratitude Expressed to Staff, Partners, and Viewers
In its farewell message, CNN Philippines expressed deep gratitude to its staff for their dedication, to partners including CNN Worldwide/Turner Broadcasting Corporation for their support, and to viewers for their loyalty and trust over the past nine years.
CNN Philippines: A Brief History
Launched in March 2015, CNN Philippines was operated by Nine Media Network, with Radio Philippines Network (RPN) as its main content provider. It stood as the fifth local CNN franchisee in Asia, following CNN Indonesia, CNN Türk, CNN Arabic, and CNN-IBN in India.
CNN Philippines’ Closure in the Context of Broader Media Changes
The shutdown of CNN Philippines follows closely on the heels of SKY Cable’s recent announcement to cease broadcasting on February 26, in light of PLDT’s acquisition of its broadcasting business. These events signal a period of significant change and realignment in the Philippine broadcasting and media industry.
Challenges and Transformations in Philippine Broadcasting
The closure of CNN Philippines highlights the challenges faced by media companies in adapting to the rapidly changing landscape of news consumption and digital media. It also underscores the financial pressures that can lead to such drastic operational decisions.
The cessation of CNN Philippines’ operations is more than just the end of a network; it represents a pivotal moment in the Philippine media industry. As the landscape continues to evolve, the legacy of CNN Philippines will be remembered for its contribution to news broadcasting in the country.
