I'm not really surprised to learn that. Rumors began almost as soon as it launched that the platform was a bust. I wanted to wait and see how things really shook out, and it turns out that the rumors were right.
As you would expect, CNN is putting a bit of a spin on it. They're not admitting a failure, but rather taking the approach that the new management want's everything under a single brand.
The prior management team's vision for CNN+ runs counter to Warner Bros. Discovery CEO David Zaslav's plan to house all of the company's brands under one streaming service. Some CNN+ programming may eventually live on through that service. Other programming will shift to CNN's main television network.
And while there will be layoffs, the severance package isn't too bad.
Hundreds of CNN+ staffers may lose their jobs. Licht said in an internal memo that "all CNN+ employees will continue to be paid and receive benefits for the next 90 days to explore opportunities at CNN, CNN Digital and elsewhere in the Warner Bros. Discovery family."
Staffers who aren't absorbed elsewhere in the company will receive a minimum of six months of severance, he added.
So, now what? What do you do if you want to watch TV news?
Well, like I said yesterday, there are a shipload of options, free options, available. If you want to watch news on your streaming device, just look at the menu. Or, in case of a Roku, go to the Roku Channel or the Channel Store. It's easy to have news as a part of your Streaming Life. And the shutdown of CNN+ won't make much of dent.
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