(RepublicanInformer.com)- On April 28th, Warner Bros. Discovery shut down CNN+ online streaming service two days earlier than scheduled. According to reports, CNN+ subscribers had been alerted that the streaming service would be taken down before the renewal period. Accounts remained active after the 28th, but there was no content on the platform.
Insiders at the streaming service were shocked to find that all junior employees had been fired. According to insiders, roughly 300 employees were given a six-month severance package and first dibs on employment openings at CNN.
Meanwhile, CNN+’s high-profile hires, such as former Fox News anchor Chris Wallace and ex-MSNBC reporter Kasie Hunt, are anticipated to be moved to the cable news network or other Warner Bros. Discovery platforms.
According to The Wall Street Journal, CNN debuted its streaming platform on March 29 and invested $300 million in the initiative. There were $100 million in development expenditures and 500 workers assigned to CNN+, but it got off to a shaky start. At the introduction, the first subscriber base was less than 100,000.
CNN officials claimed that the service’s inability to broadcast live breaking news was a critical flaw. CNN+ charged $5.99 per month, but most major networks such as ABC, CBS, and NBC provide free news-streaming services.
According to reports, CNN’s ratings have plummeted since President Donald Trump left office in January 2021, and CNN personalities have been embroiled in a slew of scandals in recent years. Chris Cuomo, one of the network’s most well-known anchors, was fired following numerous claims of sexual misconduct against him and for aiding his brother, former New York governor Andrew Cuomo when he faced similar allegations.
Former President Donald Trump released a statement congratulating CNN+ on its decision to shut down the project for its ‘lack of ratings, or viewers in any way, shape, or form.’
Mr. Trump has been a long-time critic of CNN, often referring to the network as ‘fake news.’