Put this in the tracking file for ratios and such. Axios is reporting that CNN+ is likely to collapse as Warner Bros has suspended all external marketing and product development and fired the Chief Financial Officer. The network has spent $300 million, and only generated 150,000 subscribers. A major fail by any measure.
(Via Axios) Warner Bros. Discovery has suspended all external marketing spend for CNN+ and has laid off CNN’s longtime chief financial officer as it weighs what to do with the subscription streaming service moving forward, five sources tell Axios.
• Why it matters: Inside CNN, executives think the launch has been successful. Discovery executives disagree.
• CNN+ has roughly 150,000 subscribers so far.
• Warner Bros. Discovery wants to eventually build one giant service around HBO Max.
• New leadership has replaced CNN CFO Brad Ferrer with Neil Chugani, Discovery’s current CFO for streaming and international, as part of a broader finance team restructuring.
• Other high-level positions at WarnerMedia across different business functions are likely to be eliminated to cut costs and streamline leadership in coming weeks.
What to watch: Sources say a plan is being considered to replace Chris Cuomo’s 9:00pm EST primetime slot with a live newscast, instead of personality-driven perspective programming. (read more)
Too bad, so sad…
Love the signpost!
Lifeguard Joe only knows millstones.
Lol, 150,000 subscriptions at $36/year = $5,400,000 revenue
Cost of launch: $300,000,000
Loss: -$294,600,000
CNN executives think the launch was successful. These are the same people who push COVID, Ukraine, and Trannies on America.
This same beyond tone deaf to deaf, dumb and blind that is on clear display with regard to CNN-, is exactly what we see in the Brandon admin, etc.
When you brutally suppress ANY contrary views, with a constant threat of excommunication to any who question “the narrative” you insure bad strategies and tactics will be implemented, that will blow up in your face.
Remember Chris Mathews?
Had a lib show, regularly slicing and dicing Conservatives, called “Hardball”.
Did a 2-5 minute monolougue on Conmunism and CCP, “I am a Liberal, I am NOT a Conmunist!” and he was GONE, and you don’t here him, ANYWHERE.
They made an example of him, to keep everyone else “in line”; and so groupthink dictates their strategies, and they continue to shoot themselves in the foot, and think its a good idea.
Really surprised Bill Maher is still on the air, he is the ONLY voice out there (in the media) questioning the narrative…
Tulsi Gabbard is the only politician,..
Did you mean Tulsi is the only liberal questioning the narrative? Tulsi is just another Mitt Romney. Remember she said that President Trump was NOT the future of the Republican party till all the sudden he was.
Tulsa Two Face
She’s right up there with Never Nikki.
Oops…Tulsi Two Face!
Even auto correct doesn’t like her……chuckle
And she does the commie two step!
I hope that’s what he meant, because I couldn’t care less about Bill Mahr, Chris Matthews, or Tulsi Gabbard.
she also refused to sign onto the Trump impeachment. Maybe she isnt as bad as you think.
She’s willfully a Democrat, fully aware of their platforms, policies, and history.
There is nothing she can say that relieves her of the guilt of wearing that label.
When she officially dumps the DemoCommunist Party, then I may sit up and pay attention to her.
There’s no other way to get elected in Hawaii. Tulsi is a politician through and through.
Tulsi Gabbard is a patriotic liberal from far-left Hawaii. However, she is no longer a politician.
Thanks for the terms in plain English OUCH that hurt !!!!
just 55 years to break even!
by then, the commie dystopian future will be in full order and it wont matter, cuz the new world order will control everything and make you pay to support evil propaganda machines like CNN. By then, everyone will be required to pay a subscription to CNN by law. and if you dont pay with money, you pay with your life.
For these people, this is a good investment.
Example of living in a bubble and surrounding yourself with “like thinkers only”.
Do you know the senior management of CNN bought into the plan, that guaranteed in the first 2 years alone, they would have 2 million paying subscribers? Then, after 4 years, they’d have 18 million?
I don’t know how many free viewers CNN has, but I doubt it’s less than 2 million at present. If you take away the airport distribution across the globe, it could be way less. (Sundance, maybe you know). How do you stay in business after you’ve lost 70% of viewership? Then you launch a doomed subscriber platform at a cost of $300MM?
Makes me think of how Twitter keeps afloat.
One and the same.
Well disguised gubbamint subsidizing, you see, communists only use OUR money to placate and advance their their mission, to use their own riches would be considered unthinkable in commie circles.
Hope this pisses off those among us who just want to be left alone.
Communist’s never leave anyone alone, even after they sieze control. Once that’s completed, they then go after themselves.
They worship only at the alter of absolute power, which in itself is unsustainable, as history has told us.
Kind of a bummer. I was hoping they would try to ride it out until the end of year. That way they’d lose a billion. I wonder what it would take to bankrupt Warner?
If they really wanted to rescue CNN, they should have spent that $300 mil on reelecting Trump.
lol, true
ha ! Yes, the leftist morons who actually, knowingly voted for biden/harris would subscribe ! (much less than the fake 81 million, but still much greater than 150,000)
Go woke, go broke. Never gets old, does it?
CNN+ was a monumental failure, even by CNN extremely low standards. Chris Wallace, is having mental anguish issues, because he’s not the hot stuff, he thought he was😂
Who the hell is going to take Chris Wallace now? Maybe he can be China Joe’s press secretary.
Paul Ryan at Fox will make sure Wallace has a job.
Maybe Zelensky can replace Wallace?/sarc
It doesn’t take much gas to drive Chris Wallace crazy.
It’s definitely a short trip.
on the short bus….
Poor chap – he seems to be having more than his fair share of ‘fainting’ spells – constantly acts like a non-guy.
His father is crying in commie hell
Couldn’t happen to better people.
If CNN sends me $5K a month, I might watch it……ha, ha, ha
They could be like what launched them and they could cover intercity violence 24×7
This is the world of big business. A market plan based on the customer demand for more leftwing bias.
Actually, a business model that disregards market demand and dumps hundreds of $Millions anyways because big business is just a bunch of leftists competing for peer approval and this fits right in.
CTH has pointed out that Twitter has no reality based revenue stream to cover its cost. Something and someone else is covering it so actual business concerns don’t matter. This behavior exists in many other examples as well: Hollywood, Disney, the big media “news” outlets, etc etc. All lose money when evaluated on strict financial analysis and yet all persist.
Twitter is not an isolated example of some other hidden financial underwriting being involved. Otherwise, we must conclude any and all investors, stock holders who demand actual monetary compensation, would have revolted or dumped their stocks and fled.
My message to CNN apparatchiks: Learn to code. 🙂
maybe the tide is actually changing .. if elon can get twitter and cnn can just be news we are making real progress.
I think I have more subscribers than that on YouTube and I don’t post videos…
Where did they get the $300 MILLION to lose? COVID vax lies and election campaign commercials (more lies).
Cable carriage fees: over $1 Billion per year; advertising: over $700 million/year. Pays for a lot of fake news!
And most of us cannot get simple internet without paying for cable. This needs to change.
A la carte channel selection for a cable bundle would be nice.
Wonder how much federal Covid money they got?
Soros ?
Again, it is MAGA that in essence is the US economy from a spending standpoint.
Media platforms that don’t embrace MAGA values will ALWAYS need 3rd part help and subsidies to continue.
Best example is the left’s vision of green energy. Will never be able to stand on its own and make money. Investors will run from unless guaranteed subsidies or hush money.
MAGA just needs to understand our true power and leverage is……..
Mass, funding and never ending desire for freedom
You can NOT have monopolies without government (SOCIALISM) and their enforcement by arms and threat of arms(taxes, regulations, etc)
CNN’s new streaming service, CNN+, has 150,000 subscribers.
The guy who posts videos on Youtube of himself cleaning out culverts under roads and feeding watermelon to his tortoise has 536,000 subscribers.
hahahahahaha
The person to FIRE is the one who thought people would PAY for additional CNN content when the “free” network’s viewership is in the cr@pper.
Yeah, no kidding, plus everyone who approved it
“Hey guys! I have an idea! We can’t GIVE it away, so let’s CHARGE for it!”
Sounds like the stuff they are teaching business and marketing students at leftists universities across the country.
BIG LULZ!!!!!
CNN officials think the launch was successful? 1) Please define successful if they’re looking at a $294 million loss. 2) The assumption by many that CNN would collapse if it wasn’t bundled or force fed through the airports looks to be correct. 3) $300 million to launch? OMG. I could’ve produced an unmitigated disaster for only $10 million. I’d like to see that itemized list that adds up to $300 million.
They didn’t get caught Jeffrey Toobin Style?
$2000 for each subscriber… LOL
Who in their right mind would pay someone to lie to their face every day?
Government employees. Remember the text messages between Peter Strzok and Lisa Page when they were setting up leaks of fake intel, yet at the same time “amazeballing!” over other stories they found in the same outlets?
They did get 140,000 subscribers …
As I understand it the number for Jon Stewart started at 180,000 people watching and dropped rapidly to 40,000.
Just not sure what numbers to go by with the subscription from start to current month numbers.
Another liar!
What if the $300 million was simply ‘Money Laundering’ using CNN+ as a Ruse/Guise??? Kinda like all the Book Deals that no one buys…..
This is more like it.
Hmmmm… It makes one wonder if mainstream news networks suffer from a similar problem as twitter. Is there truly a business case for these organizations to exist, or do they exist solely by support of the intelligence community as the propaganda platform?
Now would be a great time for Tucker to speculate on Nick Sandman’s payout from CNN and ballpark what Kyle’s payout will likely be. Both amounts in addition to this CNN Plus financial disaster should make the commies running CNN proud of their accomplishments
My guess would be a cell phone carrier like AT&T will likely bundle the service with new cell contracts.
That will boost the numbers just enough to keep it alive. T-Mobile did the same thing for NetFlix.
But it only works until it doesn’t. Just look at what happened to Netflix stock today.
I think this is great……. I used to watch them all the time then the run up to Trump the lies were just so crazy it made it impossible to watch.
Today its go woke you go broke and…….. they will just disappear completely because so many are catching on….
Wont be sorry to see them go….LOL
Chris Wallace is a real problem. He was to be the lead anchor for CNN+. There is now talk of dropping Brian Stelter to make room for Wallace. Problem that is not popular with the CNN old guard. Wallace reeks of FoxNews to them. Wallace has to stay because it is believed he has to be the primary anchor to cover the 2024 election and be part of the debates. They need a person to play Meghan Kelly and take down Trump again.
It is Chrissy to you.
GOPe dropped out of the ‘debates’ because of wallace
Time to celebrate.
This news gives me great joy.
Hardest hit is Chris Wallace, a pompous prick who will soon reside in the Dan Rather home of jack off, fake new readers, rejected by the awoken public. Bye bye Chrisie.
Will he be sharing a room with Jeff Toobin?
if not, he could be sharing a zoom.
Typical lib mindset…tunnel vision thinking if the lame stream media is behind them then everyone is. Furthermore, libs are all about ideology and have no business sense.
Only positive from this is watching Chrissy with his elitist, lib attitude totally fail…
Will the g’ment step in to prop them up like twitter? Never know.
Maybe if his wife authors some more cookbooks he will feel better
More real news accidentally reported by CNN:
The long standing Ukrainian illegal weapons trade is getting a bonanza out of this war
Add to this outrage the fact that Americans have been paying taxes to a government that hasn’t given us a budget to review SINCE 2008. By design, with both parties neither caring nor even raising the issue.
From taxation without representation to taxation without representation, accountability, and transparency.
The Founding Fathers would be shooting by now…..
They spent $2000 per actual subscriber. At subscription rate of $35 per, it will take 55 years to recover that from subscription fees, not counting opportunity costs. Assuming the subscribers stay put.
Ha,
Report: Warner Bros. Discovery Suspends CNN+ External Marketing Spending, Fires CFO
More layoffs are likely to come.
https://legalinsurrection.com/2022/04/report-warner-bros-discovery-suspends-cnn-external-marketing-spending-fires-cfo/
Cnn? what is CNN?
Oh… wait. isnt that that ancient fake news media from way back when? Are they still around?
Only in airports and hospital waiting rooms.
I need to find a shopping cart, a coffee mug, a small puppy and a cardboard sign for Chris Wallace…he can get his own bed roll and harsh weather clothing, plus the sharpie to place his message on that card board sign. I wonder what his message might be?
Fake News Vet needs food and shelter.
Wáng Jiànlín 王健林, founder and CEO of Dalian Wanda Group, first started making massive inroads as an investor in Hollywood studios circa 2012, iirc. CCP quickly issued a stern rebuke to Wang, basically for getting too big for his britches.
Quick search turned up nothing interesting – yet – but with the global famine looming, everyone suffering massive inflation, and Fat Xi killing off rivals before the great CCP shindig in October this year, one suspects there is more to China being behind this than just money.
imo
I can’t believe 150k paid for it
$300 million. SOMEBOGY made off with a lot of dough……. it might last this somebody a few years.
The masses aren’t as stupid as the Elites + most like to believe. That’s why Dictatorships + Autocratic Oligarchies crave Control more than anything… If people have a say, they often make adequate choices…
Warners should hire Chris Wallace.
CNN was subsidized for what ~20 years in all the airports.
We know CNN is on the government payroll as the preferred outlet for a certain ABC agency.
We know CNN fabricates ‘news’ and foments domestic terrorism through instigation in places like Ferguson.
We know CNN fabricates ‘news’ and foments sedition through their 24/7 mission to destroy POTUS.
Pretty sure CNN pays the airports for exclusive rights. Yes, they have to pay airports to play their content, lol
They’ll probably give the 9pm slot to Chris Wallace.
In the few times I am exposed to CNN I wear a mask…
…covering my eyes.
It’s why, when I used to fly, I would wear ear plugs INSIDE the airport, not just during flights…..
The people at CNN are about to learn a hard lesson about communism. Once you are no longer of any use to the regime they get rid of you!
Yes. They eventually eat each other
Hope they evaporate quickly and never return!
These people cannot fathom the fact they have lost the information war.
What is happening, DemonRats = War Sickness Poverty and total Misery. Not easy to lie about those things, when everyone is living it! Easy to lie about those thing when only people living in ghettos are experiencing it!
The govt subsidizes our media outlets. That is how they stay afloat. Otherwise they would have gone out of business years ago.
In return, they publish content favorable to their payors. It is as obvious as the nose on your face.
There’s a picture out there, I can’t find it now, where Nancy Pelosi has “journalists” sitting at a table in her residence, getting her talking points before a state of the union. Chris Wallace is at that table. I bet he won’t get that invite anymore.
That’s only $2,000 per subscriber! 😉
How unfortunate. 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
CNN ratings are below HGTV but for some reasons they thought people would be willing to pay for CNN+. If CNN wasn’t bundled, how many people would drop it?
“• CNN+ has roughly 150,000 subscribers so far.”
It shouldn’t take a rocket surgeon to look at CNN ratings and see why this might be.
RSBN gets that many viewers for a Trump rally, lol