CNN+ marketing funds paused, CNN chief financial officer let go as streaming service struggles – IOTW Report

CNN+ marketing funds paused, CNN chief financial officer let go as streaming service struggles

Just the News– CNN+ looks like it’s in trouble.

Following a rocky April launch, Warner Bros. Discovery has reportedly suspended all external marketing efforts for the new streaming service and relieved CNN’s longtime chief financial officer of his duties. 

At present, CNN+ has about 150,000 subscribers. Executives for the cable network have been calling the launch a success, while Discovery executives feel differently. Discovery’s current CFO for streaming and international, Neil Chugani, is replacing CNN CFO Brad Ferrer, and will decide what to do with the subscription service moving forward, Axios is now reporting.

CNN executives are reportedly frustrated that new leadership is moving so quickly to dismantle what they believe will eventually be a profitable service. The original plan was to pump $1 billion into CNN+ over the next four years before reaching profitability.  read more

12 Comments on CNN+ marketing funds paused, CNN chief financial officer let go as streaming service struggles

  1. Let’s be sure to shout long and loud that Chrissy Wallace brought CNN+ down. It doesn’t matter if he did or didn’t (did he even ever get on the air, I don’t know) what matters is perception.

    The left made these rules and it’s high time that we started making them play by them.

  2. Just because trump’s truth social is destine to go bankrupt doesn’t mean everything else is. You guys always have, em, well, something, somplace Parlay, when you just want to give up, Pardon, when your finally released from prison, Parlor another unused site & you know Putin always loves you.

  3. People have caught on to the governments propaganda voices and corporations that call themselves news networks. I’m sure advertisers can see through the fog of politics that CNN tries to gloss over as news as well. It will be a long hard rocky road back to trust worthy status.

Comments are closed.