Another online news outlet is in the headlines, but for a different reason.
Newsbytes.ph reported that Interaksyon.com, the online news website of TV5, will shut down its operations later this year. This comes just as news of competitor Rappler’s revocation of registration and ongoing legal battle grip the entire nation.
According to editor-in-chief Roby Alampay, Interkasyon.com will end its run in March and all of its digital news properties will be consolidated to News5.com.ph. This consolidation will also lead to a rationalization of manpower, which means that Interaksyon.com’s 20 regular employees may be given their walking papers.
However, a report by The Philippine Star later claimed that Mediaquest is studying its options for the future of Interaksyon.com, according to PhilStar Global CEO Kevin Belmonte. Mediaquest CEO Ray Espinosa also added that there is a possibility that Interaksyon.com would continue as part of PhilStar Global while they “determine the feasibility of implementing this plan in a cost efficient manner”.
This latest news regarding Interaksyon.com is indicative of TV5’s ongoing transformation. Its embattled news division, in particular, is in hot water for the loss of manpower and programming, and while it is true that declining revenue and streamlining of operations are the reasons behind these moves, watching News5 go down in flames is not a good sight for the Philippine media community.
And with TV5 joining forces with ESPN for its sports content, it became clear that News5 is now the odd one out. Dissolving this division may be the next best thing, but as far as its remaining staff are concerned, they would rather continue the fight than concede to reality.
Regardless of the decision, one can only hope that TV5, Mediaquest and The Philippine Star will do the right thing when it comes to confirming the fate of Interaksyon.com. Best of luck to the braintrust of each outfit, this is worth the wait.