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‘Significant’ Financial Loss Forces CNN to Shut Down Philippines Branch After 9 Years

CNN's financial woes seemingly extend well beyond just America. Variety reported that the broadcasting network will shut its operations in the Philippines on Wednesday after "accumulat[ing] losses of more than $89 million" in recent years. CNN Philippines was launched in 2015 as part of a brand licensing agreement between Turner...

CNN’s financial woes seemingly extend well beyond just America. Variety reported that the broadcasting network will shut its operations in the Philippines on Wednesday after “accumulat[ing] losses of more than $89 million” in recent years. CNN Philippines was launched in 2015 as part of a brand licensing agreement between Turner…

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