The Latest Breaking News from Discovery

The tea leaves were there.

With consumer spending on subscriptions maxed out, streamers hope to boost revenue by selling ads.

CNN’s brand-new streaming service, CNN+, is shutting down only a month after launch

CNN's streaming service had a rough launch, and after about a month of existence, it's heading for the chopping block.

New York (AFP) - CNN will shut down its new streaming service next week, just one month after launching it with much fanfare, the US network announced Thursday.

Warner Bros.Discovery Inc (NASDAQ:WBD) is shutting down CNN's news streaming service CNN+ on April 30. The new management (formed after CNN's former parent company, WarnerMedia, merged with Discovery) decided to shut down the service following its March 29 launch. WBD CEO David Zaslav looks to house all of the company's brands under one…

CNN’s brand-new streaming service, CNN+, is shutting down only a month after launch

Warner Bros.Discovery Inc (NASDAQ:WBD) suspended every external marketing spending for its recently launched streaming service CNN+ and laid off CNN's CFO Brad Ferrer, Axios reports. Discovery's current CFO for streaming and international, Neil Chugani, succeeded Ferrer. The report added that Warner Bros. Discovery looks to eliminate other high-level positions at WarnerMedia across…

CNN execs think the launch has been successful. Discovery executives disagree.

Upgrades

Nearly four years after fighting a hard battle to acquire WarnerMedia and accelerating its foray into the media business, AT&T (NYSE: T) has gone back to its roots to focus on being a telecommunications company.