The Latest Breaking News from Discovery

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.

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.

CNN+ is a good name for a streaming service that very much needs to add viewers.

In this article I will analyze and compare AT&T (T) and Verizon Communications (VZ) to determine which telecom stock is currently a better investment.

Fewer than 10,000 people have watched Warner Bros.Discovery Inc's (NASDAQ:WBD) streaming service CNN+ daily since its March 29 launch, CNBC reports. Warner Bros. Discovery looks to cut hundreds of millions of investment dollars for the service, given concern over its future.  Incoming CNN chief Chris Licht will join Warner Bros. Discovery on May…