CNN employees squirm over report newly launched CNNplus is already planning job cuts – IOTW Report

CNN employees squirm over report newly launched CNNplus is already planning job cuts

BPR:
CNN’s heavily promoted new online streaming service may have just launched but there are already rumors of troubles with the platform which is reportedly struggling to sell subscriptions and already on the verge of laying off workers.

Less than two days after the official debut of the $120 million venture, a belated entry into the streaming news business that is years behind competitor Fox News which launched Fox Nation three years ago, the news broke that rough times could be in the near future for the self-proclaimed “most trusted name in news” and that job cuts could be imminent unless more paid subscribers sign up.

In a Wednesday bombshell dropped via Twitter, Fox Business reporter Charles Gasparino delivered the shocking news that the launch of CNN+ has imploded on liftoff.

“@CNNplus employees bracing for layoffs possibly as soon as May amid projections of lackluster sales of new streaming channel; CNN employees say new streaming channel could be merged into larger @discoveryplus as early as May unless subscriptions pick up…” more

11 Comments on CNN employees squirm over report newly launched CNNplus is already planning job cuts

  1. Chrissy Wallace must be nervous. He’s been badmouthing Fox and Tucker and Trump for the past few days.

    Although Fox can pound sand. They’ve officially made Bruce “Caitlin” Jenner a permanent contributor.
    Beating the others to wokeness.

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  2. “the launch of CNN+ has imploded on liftoff”

    Implying it’s fuel tanks were vacuums. But somehow, $120 million is evaporating. Heh.

    Keep it up, ‘news media.’

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