THE POWER OF ALTERNATIVE MEDIA: CNN+ TO SHUT DOWN AFTER LESS THAN ONE MONTH
In a Thursday memo, incoming CNN chief executive Chris Licht said the service would shut down at the end of April. It launched March 29.
CNN+ began when its parent was still part of AT&T. It combined with Discovery earlier this month in a new company, Warner Bros. Discovery, under Discovery CEO David Zaslav, who had his own vision for CNN and its Warner siblings.
AT&T sank a reported $120 million into the venture last year, according to the Los Angeles Times, and hired a lineup of media stars including Fox News’ Chris Wallace and NPR’s Audie Cornish. Some of the show’s on-air talent and programming will be absorbed into other networks at the company, but with a staff of 400 there will likely be layoffs, the Times reported.
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Overheard at the CNN+ offices:
But what about our subscribers?
Well, I think Jan and Terry will be okay with a refund, but I bet we are going to get a bunch of nasty emails from Derrick.