Investment and projections for CNN+ are expected to be cut dramatically in response to a low adoption rate, two sources tell Axios.
By the numbers: The news giant was initially planning to invest around $1 billion in the service over the next four years.
- Hundreds of millions of dollars are expected to be cut from that original investment total.
- To date, around $300 million has been spent on the subscription service, which includes a sizable marketing investment.
- The new company’s leadership team still has yet to decide the ultimate fate of CNN+. CNN’s new boss, Chris Licht, will start May 1. more
CNN needs to die.
All propaganda; all the time.
Shame it doesn’t just collapse into itself and disappear.
mortem tyrannis
izlamo delenda est …
It used to be that the program guide only told the truth on the weekends where most of the programs were honestly labeled “Paid Programming” where cable companies overlaid their Paid Programming from vendors who paid them directly for the time… where NO cable customer ever complained!
Now they just re-run garbage from the precious week. It’s still Paid Programming, just with CNN’s brand on it!
A long way away from the humble beginnings as WTCG, back when Ted Turner was a conservative…..before Jane Fonda.
Think of the board meeting to hash out CNN+
“Our viewers will pay money to get extended viewings Brian Stelter and Don Lemon.”
And the board was like, yuuup.
LOL. The narcissism and lack of self awareness swirling in the air so thick it can be cut with a knife.
Looking forward to not watching Tater’s pants-less podcast from his rumpus room.
Chrissy Wallace thought he was the one who carried Fox and he’d be a bigger dog at CNN +++.
When they sell CNN+, or CNN even — cheap, maybe we can pitch in and start the IOTW network.
Don’t worry Chrissy, Fox News will take you back. Why not? They hired Marie Harf twice.
Dumping Stelter, the other propagandists and DNC apologists would not only save money it could bring back viewers who appreciate HONEST reporting.
See you Chris
I’d like to see a Stalinesque purge to really clean house!
People pay for that crap?