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161094810 story New parent company, Warner Bros. Discovery, decided to pull the plug on the streaming service after a slow first month. From a report:
On March 29, CNN took a step into the future of media, launching a new streaming service called CNN Plus that aimed to modernize its traditional television business and place a bet on the future of digital news consumption. But after a slow start, new parent company Warner Bros. Discovery has already decided to already shut down the service at the end of April, new CNN chief executive Chris Licht announced in a memo to employees on Thursday afternoon that was obtained by The Washington Post. The network was unable to convince enough customers to pay the $5.99 monthly fee for the service, which offers a mixture of live and on-demand programming, including a large library of old shows from hosts like the late Anthony Bourdain. The network has not released any data on the number of people who have subscribed, but early media reports suggested that the number was lower than expected for a service that has cost more than $100 million to create.
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