Breaking (Waiting for ABS-CBN to confirm) Ph Star reported Teleradyo will stop operations by June 30, 2023 for financial reasons

Here is the report:

JUST IN: Media giant ABS-CBN Corp. will shut TeleRadyo by June 30, as the firm can no longer sustain its bleeding operations. This marks another loss for the Lopez-led network since Congress denied its franchise renewal in 2020. | via @alyasjah/Philippine STAR pic.twitter.com/TSXcksk0AZ

— Philstar.com (@PhilstarNews) May 23, 2023

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JUST IN: Media giant ABS-CBN Corp. will shut TeleRadyo by June 30, as the firm can no longer sustain its bleeding operations. This marks another loss for the Lopez-led network since Congress denied its franchise renewal in 2020. | via @alyasjah/Philippine STAR pic.twitter.com/TSXcksk0AZ
— Philstar.com (@PhilstarNews) May 23, 2023

Teleradyo has millions of live viewers and lots of sponsors and advertisers. At the studio two weeks ago for a live guesting, the morning news show Sakto had six million live viewers and dozens of sponsors before our live segment went on, the news room was bustling with activity at 6:00 in the morning when i was there — not “bleeding” at all as Ph Star reported. Anyway… what do i know about the books…

Waiting for a confirmation.