When it rains, it pours for the most poisonous name in news as CNN’s streaming platform CNN+ as Axios media reporter Sara Fischer Tuesday “CNN+ looks doomed” as parent company “Warner Bros. Discovery has suspended” its entire “external marketing spend” amid “frustrat[ion] that the service launched” to begin with.
CNN is worse than ever (even though a kickstarter for potato salad makes more than daily CNN+ users, it’s still terrible), but the new bosses are even worse. “laid off CNN’s longtime chief financial officer”We are working on more and will be redefining the 9:00 Eastern Time hour. “a live newscast, instead of personality-driven perspective programming.”
Fischer included the hilarious information in paragraph 2 of her 778 word item. “Inside CNN, executives think the launch has been successful. Discovery executives disagree.”It’s almost like a bubble that is impossible to get out of.
With CNN+ having only 150,000 subscribers and less than 10,000 daily users, Fischer explained how the future isn’t bright for them as “Warner Bros. Discovery wants to eventually build one giant service around HBO Max” instead of have multiple streaming services pitted against each other under its own company for people’s budgets.
>> To see examples of things more popular than CNN+, check out our breakdown here. <<
Fischer dedicated a section to each side of the saga, starting with CNN in their alternative reality in which they’re “frustrated that new leadership is moving quickly to dismantle what they see as an eventual lifeline” and would have “become profitable” after “four years by investing $1 billion” and “diversified” their long-term sustainability.
This cockamamie claim was found in that section. “Executives believe that if the service wasn’t being knee-capped, its growth rate would’ve rivaled other print news outlets like The Wall Street JournalAnd The Washington Post — which have 2.9 million and 2.7 million digital subscribers, respectively.”
Back in reality, Fischer said Warner Bros. Discovery wishes CNN+ hadn’t launched, as it would have been too slow. “until after the merger…would have been easier to pivot the [CNN’s] efforts towards something better aligned with Discovery’s goals.”
Fischer explained that possible ideas include taking some of CNN+’s programming and offering it for free with ads “on CNN’s” while “other…programming could live within HBO Max.”
After reiterating points from her last CNN+ scoop (including the fact that CNN has already spent $300 million on the streaming channel), Fischer summarized the problem as having been plagued by “bad timing, limited communications and misaligned incentives for how CNN and Discovery got strategically misaligned on such a massive product rollout.”
Also, don’t forget to tune in for programs like Don Lemon Show,Anderson Cooper offers parental guidance Trustworthy Sources EverydayPlease see the following: Who’s Talking to Chris Wallace? before they’re gone.
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