CNN’s brand-new streaming service, CNN+, is shutting down only a month after launch
This image shows the logo for the new CNN streaming service CNN+ which debuted on March 29. CNNs brand-new streaming service is shutting down only a month after launch. In a Thursday memo, incoming CNN chief executive Chris Licht said the service would shut down at the end of April. less than a month after its launch, a spectacular flameout for a venture that had attracted stars like Chris Wallace and Alison Roman and was seen as a way to attract a new generation of news consumers.
In a Thursday town hall, executives also said that the service's inability to show live breaking news was a crucial failing. Because of contracts with cable and satellite companies, CNN+ could not stream the CNN television network. Perrette said Discovery had learned from trying to launch its own news service in Poland, and in seeing the experiences of other paid streaming services in the United States like Fox Nation, that CNN+ could not expect to get near one million subscribers. Unlike CNN+, which was charging customers $5.99 a month, broadcast networks like ABC, CBS and NBC offer free news-streaming services.“Those are the facts,” Perrette said. “We've learned from painful history, financially costly history.
The CNN+ service's flagship was arguably Wallace's daily interview show, for which he left his previous job as “Fox News Sunday” host. Wallace did not immediately return a message seeking comment.
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