CNN+ to close down lower than a month after launching

CNN’s brand-new streaming service, CNN+, is shutting down solely a month after launching.

In a Thursday memo, incoming CNN chief govt Chris Licht mentioned the service would shut down on the finish of April. It launched March 29.

CNN+ started when its mother or father was nonetheless a part of AT&T. It mixed with Discovery earlier this month in a brand new firm, Warner Bros. Discovery, beneath Discovery CEO David Zaslav, who had his personal imaginative and prescient for CNN and its Warner siblings.

AT&T sank a reported $120 million into the enterprise final yr, based on the Los Angeles Occasions, and employed a lineup of media stars together with Fox Information’ Chris Wallace and NPR’s Audie Cornish. Among the present’s on-air expertise and programming will probably be absorbed into different networks on the firm, however with a employees of 400 there’ll probably be layoffs, the Occasions reported.

It is a growing story.

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