The decision was made by new management after CNN’s former parent company, WarnerMedia, merged with Discovery to form Warner Bros. Discovery.
David Zaslav, the chief executive of Warner Bros. Discovery, has said that he wants to house all of the company’s brands under one streaming service. Some CNN+ programming may eventually live on through that service.
Hundreds of CNN+ staffers were notified of the decision in a meeting on Thursday afternoon.
Earlier in the day, incoming CNN CEO Chris Licht held a meeting with Andrew Morse, the executive vice president overseeing CNN+, and his top lieutenants, a person familiar with the matter said.
Morse, who championed the streaming service, will depart the company after a transition period.
The decision to shut down CNN+ just weeks after it launched marked a stunning end to the streaming news service. Executives had touted the application as the most significant launch since Ted Turner founded CNN in 1980.
CNN had poured hundreds of millions of dollars into the new streaming app and lured top talent from other networks for it, including Kasie Hunt from NBC and Chris Wallace from Fox News.
The streaming service featured hours of daily live programming and weekly shows.
Quoted from Various Sources
Published for: The Bloggers Briefing