According to numerous news outlets, including The New York Times, CNN+ will be closing down by April 30. The digital platform that was designed as a vehicle to bring the cable news network into the modern era has been struggling to find subscribers for its new venture. Early figures suggest that it was totaling just 10,000 sign-ups per day – a far cry from the targeted millions that were anticipated for the first year of operation.
The new owner of CNN, Warner Bros. Discovery, over recent days has signaled its displeasure at not only the format of the digital outlet but also at the timing of the release. As the reins were due to be handed over to Chris Licht, the incoming president, CNN decided to press on and go ahead with the launch before his official arrival. It is being widely reported that David Zaslav, the new CEO of Warner Bros. Discovery, was angered by this move.
The new platform has been in operation for less than one month; such an abrupt action in shuttering the service does not bode well for its future nor for those who have joined the venture, including Chris Wallace, formerly of Fox News.
This is a developing story. Liberty Nation will keep you apprised of news as it happens.
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