Business Standard

Sunday, December 22, 2024 | 11:46 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Inside the implosion of the streaming channel once called CNN's future

Its soon-to-be owner, Discovery, had some concerns about CNN+ but was constrained from directly guiding one of its competitors until the deal closed

CNN
Premium

Fewer than 10,000 viewers were watching CNN+ at any given time, despite big hires like Chris Wallace (pictured) and a multimillion dollar ad campaign

NYT
David Zaslav had been chief executive of Warner Bros. Discovery for all of a few hours when he learned he had a problem.

On April 11, the day his newly merged company began trading on Nasdaq, Zaslav greeted New York employees with pasta and ice cream bars, delivering an impromptu rallying cry to his new charges. He was on his way to Washington when a call came in.

His team had just gotten its first look at data from CNN+, the much-promoted subscription streaming service started two weeks before, and the news was grim. Fewer than 10,000 viewers were watching at any

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in