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Posted On: 04/21/2022 5:41:38 PM
Post# of 126683
CNN’s New Owners Suspend Marketing For Chris Wallace-Led Streaming Service, Lay Off CFO: Report
CNN’s new streaming service CNN+ is facing extreme cuts and reviews by incoming corporate parent Warner Bros. Discovery after it was a total disaster.
The new owners are reportedly not happy with the Chris Wallace-led streaming service, suspended all external marketing spending for CNN+, and laid off CNN’s longtime chief financial officer.
The new owners at Discovery have replaced CNN CFO Brad Ferrer with Neil Chugani, Discovery’s current CFO for streaming and international.
Sources say corporate parent Warner Bros. Discovery executives are planning to dramatically shift the network’s primetime shows back to hard news and away from partisan politics.
The new bosses are aiming to spend money in order to get the cable news side back to straight news reporting.
They are essentially abandoning the streaming service, which leaves Wallace holding the bag and potentially without a show to host.
CNN executives initially wanted to have 2 million subscribers for the streaming service in the first year, but only managed to get around 150,000 subscribers.
https://conservativebrief.com/cnns-4-62143/?u..._campaign=
CNN’s new streaming service CNN+ is facing extreme cuts and reviews by incoming corporate parent Warner Bros. Discovery after it was a total disaster.
The new owners are reportedly not happy with the Chris Wallace-led streaming service, suspended all external marketing spending for CNN+, and laid off CNN’s longtime chief financial officer.
The new owners at Discovery have replaced CNN CFO Brad Ferrer with Neil Chugani, Discovery’s current CFO for streaming and international.
Sources say corporate parent Warner Bros. Discovery executives are planning to dramatically shift the network’s primetime shows back to hard news and away from partisan politics.
The new bosses are aiming to spend money in order to get the cable news side back to straight news reporting.
They are essentially abandoning the streaming service, which leaves Wallace holding the bag and potentially without a show to host.
CNN executives initially wanted to have 2 million subscribers for the streaming service in the first year, but only managed to get around 150,000 subscribers.
https://conservativebrief.com/cnns-4-62143/?u..._campaign=
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