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CNN Philippines to close due to financial losses

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 Southeast 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.

Staff were told Monday of the decision to shut down news and production operations on all platforms.

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