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Last post 2 months ago by Sunoverbeach. 12 replies replies.
This Is CNN....
DrMaddVibe Offline
#1 Posted:
Joined: 10-21-2000
Posts: 51,995
CNN+ will shut down at the end of April
CNN Digital Expansion 2018, BRIAN STELTER

By Oliver Darcy and Brian Stelter, CNN Business


Updated 12:48 PM ET, Thu April 21, 2022

New York (CNN Business)CNN+, the streaming service that was hyped as one of the most significant developments in the history of CNN, will shut down on April 30, just one month after it launched.

CNN+ customers "will receive prorated refunds of subscription fees," the company said.

The decision was made by new management after CNN's former parent company, WarnerMedia, merged with Discovery to form Warner Bros. Discovery earlier this month.

The prior management team's vision for CNN+ runs counter to Warner Bros. Discovery CEO David Zaslav's plan to house all of the company's brands under one streaming service. Some CNN+ programming may eventually live on through that service. Other programming will shift to CNN's main television network.

"In a complex streaming market, consumers want simplicity and an all-in service which provides a better experience and more value than stand-alone offerings, and, for the company, a more sustainable business model to drive our future investments in great journalism and storytelling," Discovery's streaming boss J.B. Perrette said in a statement.

"We have very exciting opportunities ahead in the streaming space and CNN, one of the world's premier reputational assets, will play an important role there," Perrette added.

Perrette and incoming CNN CEO Chris Licht notified staffers of the decision in a meeting on Thursday afternoon. Licht bluntly told employees it was a "uniquely **** situation."

Hundreds of CNN+ staffers may lose their jobs. Licht said in an internal memo that "all CNN+ employees will continue to be paid and receive benefits for the next 90 days to explore opportunities at CNN, CNN Digital and elsewhere in the Warner Bros. Discovery family."

Staffers who aren't absorbed elsewhere in the company will receive a minimum of six months of severance, he added.

Licht said in a town hall style meeting with staffers that "this was an incredibly successful launch" but simply incompatible with the newly merged company's plans.

"It is not your fault that you had the rug pulled out from underneath you," he said as he vowed to minimize the impacts to staff.

During the town hall, Perrette expressed some frustration with the "prior leadership" of CNN, which was led by Jeff Zucker until February, and WarnerMedia, which was led by Jason Kilar until early April.

"Some of this was avoidable," he said, but "prior leadership decided to just keep going" with the planned March launch of CNN+ despite the impending merger, he said.

The executive vice president in charge of CNN+ and all of CNN's digital businesses, Andrew Morse, who worked closely with Kilar and Zucker, will depart the company after a transition period.

Licht said in the town hall that he wanted Morse to stay, but respected the decision.

Alex MacCallum, the head of product and general manager of CNN+, will run CNN Digital and work with Licht "to determine a leadership strategy going forward," the company said in a press release.

The decision to shut down CNN+ just weeks after it launched marked a stunning end to the streaming news service. Executives had touted the application as the most significant launch since Ted Turner founded CNN in 1980.

CNN had poured hundreds of millions of dollars into the new streaming app and lured top talent from other networks for it, including Kasie Hunt from NBC and Chris Wallace from Fox News.

The streaming service featured hours of daily live programming and weekly shows.

That programming will continue to stream through the end of the month.

https://www.cnn.com/2022/04/21/media/cnn-shutting-down/index.html


New Coke lasted longer than this!
DrMaddVibe Offline
#2 Posted:
Joined: 10-21-2000
Posts: 51,995
Despite pouring "hundreds of millions of dollars" into CNN+, the network was only able to net around 150,000 subscribers after launch, according to Axios, with 10,000 people watching on a daily basis.


BAWHAHAHAHAAAA!!!!!whip

"but... but...but...someone pulled the rug out from under you!"....WRONG!


YOU SUCK! Only mentally defecient stooges tune in to CNN.
8trackdisco Offline
#3 Posted:
Joined: 11-06-2004
Posts: 56,449
You have to cut them some slack.
CNN itself has so many stories which are third-truths and lies, CNN+ simply could come up with more of them.

It was a successful launch. So did the Hindenburg.
Speyside2 Offline
#4 Posted:
Joined: 11-11-2021
Posts: 1,863
They became greedy and lost big time. The handoff with Don Lemon and Chris Cuomo was a good show. It was more about their friendship and silliness than the looney left. They talked about a lot that was not political in any way, though they also talked a lot about politics. One show does not make a streaming platform. Plus it did not last long due to obvious reasons.
Sunoverbeach Offline
#5 Posted:
Joined: 08-11-2017
Posts: 10,737
There's nothing worse than being an aging young person.
- RP
DrMaddVibe Offline
#6 Posted:
Joined: 10-21-2000
Posts: 51,995
'F***ing Crazy': CNN+ Employees React to Streaming Platform's Chaotic End



The unceremonious death of CNN+ this week put the fledgling steaming platform out of its misery after a period time that didn't surpass the length of, among other things, Kim Kardashian's marriage to Kris Humphries, has unleashed renewed chaos within CNN.

The "most trusted" name in news has had a rough go of things in recent months, plagued by scandals, a parent company merger that upended the network's plans, lagging viewership, and a new boss. The launch and quick end to CNN+ has a broader impact than most immediately think of — it's not just the hosts who lost a platform and who will be fine in the long run, it's the staff hired as part of CNN's investment of hundreds of millions of dollars to launch the streaming platform who now bear the brunt of CNN's incompetence.

According to Axios, "About 350 of the 700 people that work for CNN+ will be laid off with pay and benefits for the next 90 days" and "any employee that doesn't find a new role with the network will be granted at least six months' severance." Reactions within CNN are, predictably, not great.

"This is f***ing crazy, it is nuts," a CNN insider told The New York Post. Newly out of work CNN+ employees are "aghast and furious" that their leadership could muck things up so badly.

As The Post explains, "Network insiders were horrified to learn that all junior staffers at the streaming service were let go. The roughly 300 staffers were offered six months’ severance as well as first dibs on job opportunities within CNN, according to sources." Why someone would choose to work at CNN+ in the first place is a head-scratcher, but it seems unlikely that many would want to stick around in another department at CNN given the network's disastrous handling of its streaming platform.

Among many reasons CNN+ ended up as a cash-bloated failure, according to The Post's sources, is the way CNN+ "overspent on talent” as seen in ex-Fox News Sunday host Chris Wallace's $9 million salary and former MSNBC anchor Kasie Hunt's $1 million per year. "The big people will likely be saved, but what about everybody else, the people who do the real work?" another source pondered to The Post. "The producers, showrunners? Some will get six months’ severance, others will not."

The Post's source pointed out that a lot of finger pointing is aimed at the new executives of parent company Warner Bros. Discovery. "Many people left their stable jobs at CNN to go to CNN+, and then they pull it right after launch?” the source questioned exasperatedly.

Following the internal announcement that CNN+ was headed for the trash can, The Washington Post reported that "astonished employees" called the decision "mind-blowing." WaPo also anonymously quoted a CNN employee who reacted to the news saying "[w]e expected them to cut off a few fingers, not the entire arm."

It looks like it was mostly a smart business decision on the part of Warner Bros. Discovery when executives saw that CNN+ was planning to spend some $1 billion to build, launch, and market the streaming platform in a bid to make a new profitable enterprise. But CNN+ was a minus on balance sheets in the short term, having lackluster subscription numbers out of the gate and not showing a likely path to the more than ten million subscribers its masterminds predicted could be reeled in within four years.

https://townhall.com/tipsheet/spencerbrown/2022/04/22/fing-crazy-cnn-employees-react-to-streaming-platforms-chaotic-end-n2606215


Crissy gets paid but he won't be seen anywhere...that's gonna bruise his ego. Poor Crissy.
DrMaddVibe Offline
#7 Posted:
Joined: 10-21-2000
Posts: 51,995
8trackdisco wrote:
You have to cut them some slack.
CNN itself has so many stories which are third-truths and lies, CNN+ simply could come up with more of them.

It was a successful launch. So did the Hindenburg.



True...oh the huge manatees....cue the Led Zeppelin
Sunoverbeach Offline
#8 Posted:
Joined: 08-11-2017
Posts: 10,737
Freebase? What's free about it?
- RP
ZRX1200 Online
#9 Posted:
Joined: 07-08-2007
Posts: 57,150
I’d like to know who their team was that talked investors into hundreds of millions into a venture when their FREE service has fewer viewers than The Thonginator on Google……

I may or may not have had bowel movements last longer than this.
DrMaddVibe Offline
#10 Posted:
Joined: 10-21-2000
Posts: 51,995
CAO reps prolly
ZRX1200 Online
#11 Posted:
Joined: 07-08-2007
Posts: 57,150
LMMFPWAO
Sunoverbeach Offline
#12 Posted:
Joined: 08-11-2017
Posts: 10,737
I ain't no movie star, man. I'm a booty star.
- RP
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