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I can't read whatever WSJ is saying about this because of the paywall, but I under the impression it was a bit more complicated than other comments reveling in

I can't read whatever WSJ is saying about this because of the paywall, but I under the impression it was a bit more complicated than other comments reveling in the failure of a mass media channel are indicating. AT&T spun off entertainment completely, then Discovery and Warners merged, but that left a single company running HBO Max, CNN+, and Discovery+, which is stupid. I believe they plan to consolidate those into a single service, probably using HBO branding, which is still by far the most reputable out of what they own. I don't think it means CNN content won't stream anywhere. It's inevitable that more events like this will happen. Remember when CBS hilariously "re-merged" with Viacom and CBS All Access rebranded as Paramount+ and swallowed up PlutoTV and Nickelodeon? There wasn't much reason to keep the others around. Peacock and AMC+ stand out right now as having no reason to exist on their own and seem ripe to merge with at least each other and probably with something else, too.

samizdis 5y ago
It's rather short, so: > CNN’s just-launched direct-to-consumer streaming service CNN+ is shutting down, a person with knowledge of the matter said. An announcement is expected as early as Thursday, the person said. Incoming CNN Chairman and Chief Executive Chris Licht, who hasn’t even officially assumed his role yet, told staffers of the decision on Thursday morning, the person said. Andrew Morse, the executive in charge of the service, is leaving the company, the person said. > The move to shutter the service on April 30, merely a month after it launched, comes only a week after CNN’s parent company WarnerMedia was taken over by Discovery Communications. Discovery’s executives were dubious about the strategy of the service even before its deal to acquire the company closed, according to people familiar with the company’s thinking. > CNN’s previous regime, with backing from former WarnerMedia CEO Jason Kilar, spent $300 million on developing CNN+, people familiar with the operation said. CNN wooed big-name talent, including Fox News anchor Chris Wallace, to join the service.
- smcin 5y ago
  They forgot to say 'Breaking News'.

samizdis 5y ago

It's rather short, so: > CNN’s just-launched direct-to-consumer streaming service CNN+ is shutting down, a person with knowledge of the matter said. An announcement is expected as early as Thursday, the person said. Incoming CNN Chairman and Chief Executive Chris Licht, who hasn’t even officially assumed his role yet, told staffers of the decision on Thursday morning, the person said. Andrew Morse, the executive in charge of the service, is leaving the company, the person said. > The move to shutter the service on April 30, merely a month after it launched, comes only a week after CNN’s parent company WarnerMedia was taken over by Discovery Communications. Discovery’s executives were dubious about the strategy of the service even before its deal to acquire the company closed, according to people familiar with the company’s thinking. > CNN’s previous regime, with backing from former WarnerMedia CEO Jason Kilar, spent $300 million on developing CNN+, people familiar with the operation said. CNN wooed big-name talent, including Fox News anchor Chris Wallace, to join the service.

smcin 5y ago
They forgot to say 'Breaking News'.