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Also, you don’t learn about the market after the fact. Spending $300 million requires one to know the market long before. And the executives as CNN clearly didn
by briandear 5y ago
Also, you don’t learn about the market after the fact. Spending $300 million requires one to know the market long before. And the executives as CNN clearly didn’t do their homework. Predicting failure can be hard, but creating a paid streaming service for a network already getting hammered in the ratings was pretty foolish. It was like an abused spouse thinking that getting pregnant would suddenly stop the abuse. They should fix CNN itself, build an audience, then try to further monetize with CNN+. They did it backwards.