CNN+, the subscription streaming service from cable news giant CNN, is shutting down less than one month after its official launch, according to sources familiar with the situation.
The move comes following a merger between WarnerMedia, CNN’s parent company, and Discovery to form Warner Bros. Discovery. The launch of the streamer also came amid internal turmoil that involved CNN president Jeff Zucker’s resignation and the ouster of other Warner executives.
In a memo sent to staffers on Thursday morning and reviewed by The Daily Beast, incoming network CEO Chris Licht informed staffers that there would be an “important” all-hands meeting at noon. It is during this meeting, sources told The Daily Beast, that it would be announced that the streaming service would be done within the next week.
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