CNN Plus is shutting down only a month after it launched
CNN Plus, the news network’s dedicated streaming service, is shutting down before even turning a month old. Chris Licht, the new CEO of CNN, delivered the news to his new team at an all-hands meeting on Thursday, and the service will shut down entirely on April 30th.
Licht congratulated the CNN Plus team in a memo to staff announcing the shutdown and said that the decision “is not a reflection of the quality of the talent and content at CNN+, some of which will migrate to CNN’s programming or some of the company’s other networks.” The decision, he said, was about broader strategy. “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.” Employees will be paid and receive benefits for the next 90 days, he said, and those who don’t end up in other roles at the company will get at least six months’ severance. Andrew Morse, the head of CNN Plus, is leaving the company.
https://www.theverge.com/2022/4/21/23035703/cnn-plus-shutting-down
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