CNN Philippines to Cease Operations Amid Financial Struggles

Closure to affect around 300 employees, raising concerns about media plurality in the country.

CNN Philippines, a franchise holder of the CNN International brand, will discontinue its operations on all media platforms effective January 31 due to significant financial losses.
The news organization, which began airing in 2015, has been struggling with financial issues for years.
The closure will affect around 300 employees, who will be provided with severance packages.
The National Union of Journalists of the Philippines expressed concern over the closure, stating it meant 'one less source of reliable information for the public at a time when disinformation and misinformation are rampant'.
The closure is likely to raise questions about media plurality in The Philippines, a country already considered one of the most dangerous in the world for journalists.