CNN+, the streaming service that was hyped as one of the most signifiant developments in the history of CNN, will shut down on April 30, just one month after it launched.
CNN+ customers"will receive prorated refunds of subscription fees," the company said.The decision was made by new management after CNN's former parent company, WarnerMedia, merged with Discovery to form Warner Bros. Discovery earlier this month.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.
During the town hall, Perrette expressed some frustration with the"prior leadership" of CNN, which was led by Jeff Zucker until February, and WarnerMedia, which was led by Jason Kilar until early April."Some of this was avoidable," he said, but"prior leadership decided to just keep going" with the planned March launch of CNN+ despite the impending merger, he said.
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