Patrick Frater Asia Bureau Chief CNN Philippines is to close down on Wednesday, the company announced on Monday local time. The move means up to 300 jobs will be lost. CNN Philippines was launched in 2015 under a brand licensing agreement between Turner and Nine Media Network, a Philippines company that is a wholly-owned subsidiary of the ALC Group of Companies previously launched by the late Ambassador Antonio Cabangon-Chua. “CNN Philippines will discontinue operations on all media platforms effective Wednesday, Jan 31, 2044,” the company said in a posting on social media.