Stelter on CNN+: ‘Stunning News and Painful News’ ‘Years of Development Possibly Down the Drain’

TRANSCRIPT:

STELTER: "Here at CNN, new ownership decided to shut down the CNN+ streaming service less than a month after it was launched by the previous management team. The U-turn was front-page news, stunning news, and painful news for everyone involved. Years of development possibly down the drain. Some of the shows may never be seen. Hundreds of staffers may be laid off, though the company is trying to place many of them in new jobs. Amid these bruising headlines, folks are trying to make sense of it. Some partisans are leaping to predictable points about politics, but the truth is, this was a corporate move. This CNN+ service was doomed because of the timing of the merger and clashing streaming strategies. The new owner of CNN, Warner Bros. Discovery, has big plans to combine multiple streaming platforms to make one big challenger for Netflix."