Apr 22, 2022
CNN streaming service to shut a month after launch
CNN's new owner says it will close the US-based news channel's streaming service just a month after it launched. Earlier this month, WBD became CNN's parent company with the completion of the merger of media company Discovery and telecom giant AT&T.Chris Licht, incoming chief executive of CNN, said the business "Will be strongest as part of WBD's streaming strategy which envisions news as an important part of a compelling broader offering along with sports, entertainment, and nonfiction content". As part of the shakeup, Andrew Morse, who helped to drive CNN's streaming strategy, will leave the company. Hundreds of CNN+ employees have also been given 90 days to secure a job in other parts of the company, CNN reported. On Tuesday, Netflix said the number of households using its streaming service fell by 200,000 as it faced stiff competition from rivals.
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