CNN+, the streaming offshoot service of CNN will cease operations on April 30, a person familiar with the network’s plans told Politico.
Chris Licht, incoming president of CNN share the news with staff:
“This decision is in line with [Warner Bros. Discovery]’s broader direct-to-consumer strategy. In a complex streaming market, consumers want simplicity and an all-in service, which provides a better experience and more value than stand-alone offerings. Let me be clear: this move is in no way a reflection of the talented and hardworking people who poured their heart and soul into building and flawlessly launching CNN+ in a very short period of time.”
He further added that, “Andrew Morse, who helmed CNN+, would leave the company following a transition period.” Additionally, “all CNN+ employees will continue to be paid and receive benefits for 90 days and that, at the end of that period, anyone who doesn’t find work at the network will receive a six month severance package and potentially more depending on their length of service at CNN.”
The move comes as viewership was well below expectations after its launch on March 29.
