Inanunsyo ng ABS-CBN nitong Martes, Mayo 23, na titigil na sa pag-ere ang TeleRadyo sa darating na Hunyo 30.

Sa inilabas na pahayag ng ABS-CBN, ibinahagi nito na simula pa noong 2020 ay nagkakaroon na ng “financial losses” ang TeleRadyo.

Bunsod pa rin umano ito ng kawalan ng ABS-CBN ng sariling prangkisa na hindi ipinagkaloob sa kanila noong 2020.

“Since ABS-CBN can no longer sustain TeleRadyo’s operations, ABS-CBN is left with no choice but to cease the operations of TeleRadyo effective 30 June 2023 to prevent further business losses,” pahayag ng ABS-CBN.

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"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,” dagdag nito.

Upang patuloy naman umano silang makapagbigay ng balita sa publiko, inanunsyo rin ng ABS-CBN na papasok sila sa isang partnership kasama ang Prime Media Holdings Inc. ni House Speaker Martin Romualdez.

“The new company will produce various programs, which will be supplied to broadcasters and other 3rd party platforms including Philippine Collectivemedia Corporation,” anang ABS-CBN.

"Under the agreement, ABS-CBN will have a minority stake in the joint venture, and Prime Media Inc. will be the majority stakeholder.”

"This gives some of our former personnel a chance to find job opportunities. It is also a way to continue providing accurate and balanced news and information to the country,” saad pa nito.