CNN+ Crashes and Burns Less Then A Month After Starting. Who Would Have Thought? People Won’t Pay To Be Lied To?
With Trump gone and nothing left to hate, the self-righteous supposed news people on CNN are quickly finding the desire of Americans to watch them matches the same number of people who wish to have their teeth all pulled.
According to sources familiar with the situation, CNN+, the subscription streaming service from cable news giant CNN, is shutting down less than one month after its official launch.
On Thursday afternoon, the network’s new CEO, Chris Licht, called it a “uniquely shitty situation” in a meeting with impacted staffers.
In a memo sent to staffers on Thursday morning and reviewed by The Daily Beast, Licht informed staffers that there would be an “important” all-hands meeting at noon. During this meeting, sources told The Daily Beast that it would be announced that the streaming service would be done within the next week.
Variety and CNN also reported on the upcoming shuttering on Thursday. The last day for the much-hyped streamer will be April 30, according to an additional email Licht sent to staffers and reviewed by The Daily Beast.
“Today, Warner Bros. Discovery and CNN are announcing that we have decided to cease operations at CNN+, effective April 30,” he wrote. “I want to share my perspective with you before the news breaks.”
To save face, CNN sent out a letter that read:
“While today’s decision is incredibly difficult, it is the right one for the long-term success of CNN,” Licht’s letter continued. “It allows us to refocus resources on the core products that drive our singular focus: further enhancing CNN’s journalism and its reputation as a global news leader. I look forward to working with all of you to do just that.”
“In a complex streaming market, consumers want simplicity and an all-in service which provides a better experience and more value than stand-alone offerings, and, for the company, a more sustainable business model to drive our future investments in great journalism and storytelling,” Discovery’s streaming president J.B. Perrette said in a statement.
“We have very exciting opportunities ahead in the streaming space and CNN, one of the world’s premier reputational assets, will play an important role there,” he added.
Naturally, Stelter tried to play this positively, “It’s too early to know if this product, if this service, was a success or a failure,” Stelter said on Friday’s edition of “Reliable Sources Daily” on the soon-to-be shuttered platform.
CNBC reported that only 10,000 people were using the service daily through two weeks, and Axios reported earlier this week that only 150,000 people signed up overall. However, Stelter, considered a Zucker loyalist, penned a piece headlined, “Clashing strategies doomed CNN+ amid corporate merger,” which did not mention the service’s shockingly low reported subscriber totals.
“From the POV of the leadership team that launched CNN+, one of the world’s top news brands had to start a subscription business to secure its future. It was an expensive but necessary bet – and had to be made regardless of merger timing,” Stelter wrote, adding that his new bosses have blamed Zucker’s regime for moving forward despite the looming merger.
It turns out FOX News could not help themselves over this epic failure:
It turns out that if you cannot force people to watch you in Airports and Schools, no one will bother to watch. Why would anyone pay to hear delusional Leftist drivel?
CNN sacrificed its reputation to rid the White House of Trump; now, the bill collector has come to get his dues. When their ratings are not even good enough to compete with the Dora The Explorer, one can see that their days are numbered. All we are doing is watching the final death throes of a company on its way to total failure.
Wonder who’s next, Disney, Netflix?
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