Stay updated with breaking news from Cnn Philippines. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
CNN Philippines is set to shut down its operations starting Wednesday, January 31, due to “significant” financial losses reported in the past years, its operator Nine Media Corp. announced Monday.
CNN Philippines will no longer operate starting January 31, 2024, the Nine Media Corporation (NMC) announced Monday, January 29, 2024.
The closure comes amid mounting financial losses exceeding $88 million. 300 employees to be impacted.
CNN Philippines will be discontinuing its news and production operations on all media platforms from January 31, according to Nine Media Corporation (NMC).
PressOne.ph’s Manuel Mogato shared his perspective regarding the downsizing of journalism in the Philippines and across the world due to COVID, government machinations, and the news media industry’s longer and slower learning curve on how to efficiently deliver the news.