CNN Philippines Shuts Down Operations Following Heavy Financial Losses

by Jim Hᴏft at

Another loss for woke CNN.

CNN Philippines, one of the local franchises in Asia, is set to cease operations nearly nine years after its inception, GMA News Network reported.

CNN Philippines is a free-to-air television network in the Philippines that provides news and information. It’s the only predominantly English-language channel on free-to-air television in the Philippines. It’s also available on cable and pay television.

CNN Philippines was launched in 2015 by Turner Broadcasting System Asia Pacific and Nine Media Corp. It’s owned and operated by Nine Media Corporation and is licensed from Warner Bros. Discovery. 

The network, which has been operating at a financial deficit, resulting in losses exceeding almost $90 million, will be making a formal announcement this coming Monday, according to an official from CNN Philippines.