Friday, April 22, 2022

Bad Business Doomed CNN+


CNN+, the online streaming service that debuted March 29, is dead, or at least dying: It will shut down for good April 30.

As in any implosion, there is a host of factors behind it, but the biggest is Discovery’s acquisition of WarnerMedia, CNN’s parent company, according to Billy Goodykoontz at USAToday. The merger became official April 8; the new company, Warner Bros. Discovery, wasted no time cleaning house.

Chris Licht, the incoming chairman and CEO of CNN Worldwide, said in a statement Thursday the decision was made “to cease operations of CNN+ and focus our investment on CNN’s core news-gathering operations and in further building CNN Digital.”

"This is not a decision about quality; we appreciate all of the work, ambition and creativity that went into building CNN+, an organization with terrific talent and compelling programming,” Licht said. “But our customers and CNN will be best served with a simpler streaming choice.”

Translation, for those who don’t speak corporate: Customers don’t need it, don’t want it and aren't going to pay for it. Some programming may find its way to a single-destination streaming service that will combine Discovery+ and HBO Max. 

Turns out it wasn’t the best idea to launch a high-profile, expensive venture just as the new bosses who had no input into it are on their way into town. You don’t paint the walls purple and pink right before someone new is about to move in.

What did CNN+ lack? Must-see content

In the run-up to the launch of CNN+, its leaders stressed that the service was not meant to be instead of, but in addition to, CNN. So much so that a live feed of CNN wasn’t part of it, even during breaking news stories, thanks to the network's agreement with cable systems.

That was its biggest shortcoming. If you call something CNN, users expect to find news as it happens, no matter what platform they watch on.

What's next for Chris Wallace?

What becomes of Wallace? The vacated Chris Cuomo slot on weeknights might make the most sense for him. He was the subject of much discussion on social media after the CNN+ announcement.

Fox News fans will be gleeful.   Fox News viewers who said Wallace wasn’t conservative enough because he dared to ask Donald Trump tough questions or didn’t toe the MAGA line must be gleeful.

Wallace isn’t perfect, but he differs from hosts such as Tucker Carlson and Sean Hannity in that he traffics in actual journalism, which does not require blind loyalty to anyone or anything. In fact, it rejects it.

There's bound to be similar crowing among the right-wing crowd that no one wanted to pay extra to watch the woke mob destroy their version of America (or whatever the MAGA company line is these days), if they wouldn’t watch regular CNN for free in the first place.

No comments:

Post a Comment