The Palmieri Report has published many articles exposing the disaster that is CNN+.
Very few people are actually signing up for it and money is being cut from it.
A new report is now outlining that CNN+ is doomed – this is from Axios.
SCOOP: CNN+ looks doomed.
Warner Bros. Discovery has suspended all external marketing spend for CNN+ and has laid off CNN's longtime CFO as it weighs what to do with it moving forward. https://t.co/3s9LRXImDT
— Axios (@axios) April 19, 2022
Warner Bros. Discovery has suspended all external marketing spend for CNN+ and has laid off CNN’s longtime chief financial officer as it weighs what to do with the subscription streaming service moving forward, five sources tell Axios.
Why it matters: Inside CNN, executives think the launch has been successful. Discovery executives disagree.
CNN+ has roughly 150,000 subscribers so far.
Warner Bros. Discovery wants to eventually build one giant service around HBO Max.
New leadership has replaced CNN CFO Brad Ferrer with Neil Chugani, Discovery’s current CFO for streaming and international, as part of a broader finance team restructuring.
Couldn’t have happened to a nicer group!
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