CNN Philippines announces closure from economic losses - News Summed Up

CNN Philippines announces closure from economic losses


Bangkok, Jan 29 (EFE).- The CNN Philippines media outlet, the only one on free television in the country that broadcasts predominantly in English, announced Monday the closure of all its platforms due to economic losses. “Turning the final page of the CNN Philippines newsroom’s story. Following the announcement, some channel workers changed their photos on social networks to black and white, as a sign of mourning for the closure. The communication group Nine Media Corporation, which owns the license in the Philippines of the CNN brand, informed its 300 employees during a general meeting held Monday. “The decision follows significant financial losses suffered in recent years, despite rigorous efforts to adapt and innovate in a challenging and rapidly evolving media landscape,” the company said in another statement.


Source: CNN January 29, 2024 13:57 UTC



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