Warner Bros and Discovery Media is expected to announce Thursday the cancelation of CNN+ just weeks after the platform launched.
Donald Trump weighed-in on the situation within hours, releasing an official statement on his website.
“Congratulations to CNN+ on their decision to immediately FOLD for a lack of ratings, or viewers in any way, shape, or form,” Trump said in a statement. “It was like an empty desert out there despite spending hundreds of millions of dollars and the hiring of low-rated Chris Wallace, a man who tried so hard to be his father, Mike, but lacked the talent and whatever else is necessary to be a star. In any event, it’s just one more piece of CNN and Fake News that we don’t have to bother with anymore!”
“Warner Bros. Discovery is shutting down CNN+ and is expected to provide details to staffers today. The service launched almost a month ago on March 29,” confirmed Variety on Twitter.
Warner Bros. Discovery is shutting down CNN+ and is expected to provide details Thursday, according to two people familiar with the matter, marking one of the company’s first significant maneuvers since completing the merger of WarnerMedia and Discovery less than two weeks ago.
Spokespersons for CNN and Warner Bros. Discovery could not be reached for immediate comment. The decision puts an end to a venture that people familiar with the matter say rankled David Zaslav, the new CEO of Warner Bros. Discovery, from the start. Zaslav was annoyed by the decison of Jason Kilar, the former CEO of WarnerMedia when it was owned by AT&T, to launch CNN+ just weeks before Discovery was set to take over operations.
Chris Licht, the incoming CEO of CNN, sent a memo to staffers Thursday morning about “an important meeting” to be held at noon, and is at that time expected to inform employees about the decision, these people said. Licht has already told Andrew Morse, the CNN executive vice president who oversees the newly-launched streaming-video outlet, of the decision, these people said. Morse could not be reached for immediate comment.