Is CNN+ Already a Bust?
It's been just over two weeks since WarnerMedia launched CNN+, and it might already be on the chopping block for the newly formed Warner Bros. Discovery (NASDAQ: WBD). After spending significantly on talent and a big marketing campaign touting the launch of the news-based streaming video service, CNN+ doesn't have much to show for it. App downloads are disappointing, reported user numbers are minuscule, and with a change in leadership, cuts may be coming.
The CNN+ launch was rushed. There was a push to get the service off the ground before the merger with Discovery. That's despite former CNN President Jeff Zucker's ouster in February for failing to disclose a workplace relationship, and a hiring freeze ahead of the merger.
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Source Fool.com
