“They had spent an enormous amount of money trying to sell an independent product...the business wasn't there.'
... [+]CEO David Zaslav says he wasn’t sending a message with his decision to quickly kill off CNN’s short-lived streaming channel, CNN+. “It was a business decision,” he told CNBC. “The subscribers weren’t there.”
CNN+ debuted March 29 after months of hiring, production work and heavy promotion. On April 21, after Zaslav took control with the merger of Warner and Discovery, newly installed CNN president Chris Licht, and hundreds of employees would likely lose their jobs. But Licht stressed in a memo to CNN+ staff “it is not your fault.”
The problem, Zaslav said Wednesday wasn’t the people—it was the numbers. CNN’s rosy projections of reachingjust weren’t reflected in the hard numbers Zaslav and his team reviewed upon taking over.Squawk Box . “They had spent an enormous amount of money trying to sell an independent product. The subscribers weren’t there,” Zaslav said, adding that after looking at the data, they decided that “the business wasn’t there.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Ringling Bros. circus is coming back, with human acts in the center ringThe Ringling Bros. circus is making a comeback — this time without animal acts. Its producers are scouring the world for folks with unusual talents and skills, with a plan to launch in September 2023.
Read more »
Naomi Ackie, Toni Collette And Mark Ruffalo Join Robert Pattinson In Bong Joon Ho’s Next Film At Warner BrosEXCLUSIVE: Bong Joon Ho’s follow-up film to his Oscar-winning Parasite is gaining quite the ensemble, as sources tell Deadline that Toni Collette and Mark Ruffalo (whose deals are in final ne…
Read more »
CNN Digital Editorial Chief Meredith Artley Is Leaving for ‘My Next Adventure With My Family’CNN Digital editor in chief Meredith Artley is exiting the news organization after more than 12 years, coming a little over a month after the close of the deal creating Warner Bros. Discovery. Artl…
Read more »
Naomi Ackie, Toni Collette And Mark Ruffalo Join Robert Pattinson In Bong Joon Ho’s Next Film At Warner BrosEXCLUSIVE: Bong Joon Ho’s follow-up film to his Oscar-winning Parasite is gaining quite the ensemble, as sources tell Deadline that Toni Collette and Mark Ruffalo (whose deals are in final ne…
Read more »
Ep. 490 — Rep. Jackie Speier - The Axe Files with David Axelrod - Podcast on CNN AudioRep. Jackie Speier got her start in politics working for Rep. Leo Ryan, then a California state Assemblyman. But what started as a high school assignment ended on an airstrip in Guyana, where Rep. Ryan was killed, and Rep. Speier was shot five times ahead of the Jonestown Massacre. She has since dedicated her life to public service, making a mark when she became the first US Representative to speak about her own abortion on the House floor in 2011. Rep. Speier joined David to talk about her blue-collar upbringing, her experience in Jonestown and its lingering ramifications, abortion rights, gun violence, her concerns for the future of Congress—and what gives her hope.
Read more »