Written by Peter Boykin on April 22, 2022
Shared By Peter Boykin – American Political Commentator / Citizen Journalist
CNN+ is being shut down after just three weeks, as the streaming service failed to resonate with viewers. The decision was made by Warner Bros. Discovery, CNN’s new parent company.
The timeline: This all unfolded in a matter of weeks…
?️ March 29: CNN+ launches
?️ April 8: Discovery merges with WarnerMedia [CNN parent company]
?️ April 12: CNN+ has less than 10,000 daily viewers
?️ April 21: CNN announces CNN+ will shut down
?️ April 30: CNN+ will officially go offline
The dollars: CNN reportedly dumped $300 million dollars into launching the failed streaming service. Plus between $100 million and $200 million in advertising.
CNN’s new CEO, Chris Licht [who replaces Jeff Zucker] told staffers it was a “uniquely sh*tty situation.”
CNN staff: Roughly 300 junior staffers were let go. But they were offered six months’ severance + first dibs on job opportunities within CNN.
This was destined to fail. What genius thought it was a good idea to take a free news station with falling ratings and try to charge people $5.99 a month for it?
[Source: CNN, NY Post, WSJ, Waking Up Right]
#GoRight with Peter R Boykin
Peter Boykin For United States Congress
Join Peter Boykin on Telegram
Join Peter Boykin on Facebook
Join Peter Boykin on GAB
Support The Podcast and Website
To Donate to the Podcast (NOT THE CAMPAIGN)