Manila, Philippines (The Adobo Chronicles) – First came the news that 9TV will become CNN Philippines in early 2015. Now, the international cable news network is reportedly in negotiations to acquire SWN (So What’s News?), a Filipino news satire site.

An unmaned CNN spokesperson told reporters that CNN is continuously looking to expand its operations around the world and is constantly searching for existing news media outlets to acquire or partner with.

“SWN’s mission statement is very consistent with what CNN is trying to accomplish in its international news operations,” the spokesperson said, adding that “like SWN, we are committed to bring positive, accurate, entertaining and timely news to our millions of customers. And just like SWN, we love to report on fiction.”

On its web site, SWN describes its product as “news that won’t make you depressed to read the news.” Critics who oppose the CNN-SWN merger pointed out that CNN’s reporting is known to make people very depressed,  “so a merger with SWN is not a wise move at all.”

SWN refused to comment because negotiations are still ongoing.