CNN+ to Shut Down by End of April

CNN announced that CNN+ will shut down on April 30, just a month after it was first launched.

Incoming CNN head Chris Licht said that the launch was successful but that it wasn’t compatible with the goals of the new management, Warner Bros. Discovery.

“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, and, for the company, a more sustainable business model to drive our future investments in great journalism and storytelling,” said Discovery’s streaming boss J.B. Perrette.

Andrew Morse, CNN+ executive vice president and in charge of all of CNN’s digital businesses will be leaving the company while employees will be compensated for the next 90 days.

Former CNN+ employees were urged to find opportunities Warner Bros. Discovery family.

Subscribers will reportedly be receiving prorated refunds of subscription fees while there was no disclosed number of current ones.

“As the company enters an exciting period of change, it’s clear that the vision the new leadership has for the future is different than the one we’ve had. That’s OK. That’s all part of the change,” said Morse.

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