[1] On January 29, 2024, Nine Media Corporation announced the closure of CNN Philippines, which ceased its live news productions effective immediately, and shut down entirely on January 31, citing financial losses and to shift its focus on the operations of their sister channel, Aliw Channel 23.

[2][3][4][5][6][7] Nine Media President Benjamin Ramos said "the employees were given their severance package and their salary for the whole month of February.

On June 7, 2024, NewsWatch Plus was formally announced and it is independently operating as a digital multicasting news service.

[9] On August 22, 2024, NewsWatch Plus has been granted the rights to archive CNN Philippines content from Nine Media Corporation.

On July 3, 2024, NewsWatch Plus announced that it would produce new episodes for its programs and provide access to CNN Philippines archives for subscribers.