#TeleRadyo closure

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. Multiple lanes along the Manila-Cavite Expressway (CAVITEX) will experience temporary closure from August 6 to 10 to give way for the LRT-1 Extension Project. [caption id="attachment_282281" align="alignnone" width="1000"] Photo credits: MPTC Website[/caption] The multiple lane closures will be observed to provide the project enough room to launch the girders for the LRT-1 extension. In a social media post by the Light Rail Manila Corporation (LRMC), they announced that alongside lane closures, counterflow and stop-and-go schemes will be implemented along CAVITEX along the northbound and southbound lanes near the Parañaque bridge. Read more in our articles including "ABS-CBN TeleRadyo to cease operations effective June 30" and "CAVITEX lanes to temporarily close for LRT-1 Cavite Extension project".