That was fast.
CNN+, the online streaming service that debuted March 29, is dead, or at least dying: It will shut down for good April 30.
Boy, did Chris Wallace back the wrong horse.
As in any implosion, there is a host of factors behind it, but the biggest is Discovery’s acquisition of WarnerMedia, CNN’s parent company. The merger became official April 8; the new company, Warner Bros. Discovery, wasted no time cleaning house.
Chris Licht, the incoming chairman and CEO of CNN Worldwide, said in a statement Thursday the decision was made “to cease operations of CNN+ and focus our investment on CNN’s core news-gathering operations and in further building CNN Digital.”
“This is not a decision about quality; we appreciate all of the work, ambition and creativity that went into building CNN+,