#ABS-CBN TeleRadyo

ABS-CBN has just announced that one of its signature news channels, TeleRadyo, will be ceasing operations effective June 30, 2023. In a press statement released today, the media giant said that ABS-CBN could no longer sustain the channel's operations given that TeleRadyo had been incurring financial losses since 2020. "The company is deeply saddened by this closure and having to part ways with the many passionate and committed people who have made Teleradyo an important source of news and information for many Filipinos," says ABS-CBN. While TeleRadyo will cease operations, ABS-CBN shared that it is entering a joint venture with Prime Media Holdings Inc. Under the joint venture, ABS-CBN will own a minority stake while Prime Media Inc. You can read the full press statement below: It can be recalled that ABS-CBN had been struggling for the past three years to stay afloat following the loss of its franchise back in 2020. In an announcement today, ABS-CBN released a statement that its Sky Cable sale to PLDT will "no longer push through". ABS-CBN and GMA have just struck an agreement that will have GMA international channels such as GMA Pinoy TV, GMA Life TV,  GMA News TV, and select GMA programs, on ABS CBN's iWantTFC platform starting May 1. Read more in our articles including "ABS-CBN TeleRadyo to cease operations effective June 30" and "ABS-CBN cancels Sky Cable sale to PLDT".