preparation for a relaunch as ETC on March 2, 2011. Additional shares in RPN were sold to Far East Managers and Investors Inc. (FEMI), an organization company affiliated with Ambassador Roberto Benedicto (founder of RPN). The government would retain People's Television Network to serve as the sole state broadcaster of the country. However, due to privatization, RPN is forced to retrench 200 employees and stopping the production of RPN NewsWatch, its last RPN-produced program, on October 29, 2012, as Solar TV takes over the entire RPN's airtime. As Solar News Channel (2013–2014) In November 2013, it was reported that San Miguel Corporation President and COO Ramon S. Ang is reportedly interested in acquiring Solar Television Network. On November 30, 2013, ETC returned to SBN while Solar News Channel moved to RPN since the following day to widen its nationwide telecast. (SBN broadcasts ETC from 2008 to 2011) Nine Media era (2014–present) As 9TV (2014–2015) On January 3, 2014, RPN and Aliw Broadcasting Corporation (ABC) signed a memorandum of agreement for the expanded coverage of both the TV and radio networks nationwide. Selected DWIZ programs will be simulcast on the Radyo Ronda Network. On August 20, 2014, Solar Entertainment Corporation chief Wilson Tieng announced that he ceded his entire share on Solar TV Network, Inc., including its 34% majority share on RPN, to Antonio Cabangon Chua, owner of business daily BusinessMirror and Aliw Broadcasting Corporation. Tieng sold Solar TV because they are losing money for operations and he will be focusing instead on the remaining television channels he personally owned through Solar Entertainment Corporation. To reflect the change of ownership, on August 13, 2014, Solar Television Network and RPN announced the rebranding of Solar News Channel into 9TV by August 23, dropping the Solar branding. 9TV retained the news and current affairs programming while expanding its weekend programming to cater more audiences with the launching of Kids Weekend, Small Acts, Big Stories, Something to Chew On and Boys Ride Out. However, the 9TV branding was done to transition from the Tieng to the Cabangon-Chua ownership. On October 14, 2014, Nine Media Corporation (formerly Solar Television Network) inked a 5-year brand licensing agreement with the Turner Broadcasting System to rebrand 9TV into CNN Philippines as the Philippine franchisee of CNN, and the third local CNN channel in Asia (after CNN Indonesia and India's CNN-IBN). CNN Philippines was officially launched on March 16,