CNN Philippines to close due to financial losses

People walk past the CNN Philippines office in Mandaluyong, Metro Manila on January 29, 2024. The CNN Philippines officially announced that it will stop news production operations effective on January 31, as a result of 'serious financial losses'. - AFP

MANILA (AFP): CNN Philippines will stop operations from January 31 due to "significant financial losses", its owner announced Monday, in the latest blow for the media industry in the South-East Asian nation.

The broadcaster began operating in the Philippines in 2015 as a franchise of CNN, delivering mainly English-language news on free-to-air, cable and pay television.