CNN Philippines, the only predominantly English-language channel on free TV in the Philippines, is shutting down on January 31, 2024, after nine years of operation.
The closure is a result of the serious financial losses that the company has suffered over the past years, despite its efforts to adapt and innovate in a challenging media landscape. The closure will not only affect the employees and the viewers of CNN Philippines, but also the state and the quality of journalism in the country.
CNN Philippines is a joint venture between Nine Media Corporation, a Philippine media company, and Turner Broadcasting System, a U.S. media company that owns the CNN brand.
The partnership was established in 2014, with a five-year deal that was renewed until December 2024. However, Nine Media decided to end the deal early, citing the financial difficulties and the hefty licensing fees that it had to pay to Turner Broadcasting System.
CNN Philippines has been struggling to survive and compete in the Philippine media market, which is dominated by two giant networks, ABS-CBN and GMA. CNN Philippines has faced several challenges and constraints, such as:
The closure of CNN Philippines will have significant impacts and implications for the Philippine media industry and society, as it will affect the employees, the viewers, and the journalists of the country. The closure will have some positive and negative effects, such as:
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