CNN Streaming Service That Hired Chris Wallace Facing Big Cuts after Disastrous Start

Slay News ^ | April 12, 2022 | David Hawkins

[E. Pluribus Unum]

CNN’s new streaming service is facing major cuts after a disastrous start that fell far below projections.

Chris Wallace left Fox News for a new job hosting on the platform, CNN+.

After being poached by disgraced former network boss Jeff Zucker, Wallace celebrated his move to, what he thought, was a stable and well-funded new streaming service from CNN.

But it has been a total disaster plagued by low subscription rates and shows that viewers are not interested in.

And now it appears as though the new bosses at CNN have had enough.

According to a new report from Axios, they will make dramatic cuts in investment and projections for the new streaming service as they try to figure out what to do with the failed project.

CNN was planning to drop around $1 billion to get the streaming service up and running.

Now they will only spend a fraction of that which means cuts across the board, including shows with “stars” like Wallace.

Axios reports: “Investment and projections for CNN+ are expected to be cut dramatically in response to a low adoption rate, two sources tell Axios.

“By the numbers: The news giant was initially planning to invest around $1 billion in the service over the next four years.

[E. Pluribus Unum]

[Paladin2]

Did they start?

How would anyone know?

[szweig]

Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha

[Parley Baer]

All I can say is, bwahahahahahahahahaha

[NWFree]

I wonder if people like CNN know I wouldn’t watch their crap if they paid *me*? 🤪

[windsorknot]

[fhayek]

That's what I don't understand. People are barely watching CNN when it is 'free'. Who would pay for it?

[ChildOfThe60s]

Yet no one at CNN has the slightest notion of cause and effect.

You can’t fix anything unless you are willing to accept why it is happening and deal with that cause.

[pepsi_junkie]

That's what I don't understand. People are barely watching CNN when it is 'free'. Who would pay for it?

Everyone who has basic cable. Because cable providers seem to all think a channel that nobody watches is the one indispensable channel that must be on all basic cable subscription packages. And thanks to that, CNN has never had to care about ratings. Streaming, however, is a harsh mistress for channels that make content nobody wants.

[Bullish]

Nobody watches their cable broadcasts so they had a brilliant idea... “Let’s start a streaming service that nobody will care two rips about”. Brilliant I tell ya’.

[traderrob6]

Ah, the sweeeeeet taste of Schadenfreude a la mode!

[TornadoAlley3]

Why would people pay to watch something they will not watch for free.

[LouieFisk]

Jon Nicosia
@NewsPolitics
SOURCE: Chris Wallace is “having daily breakdowns” over the “miserable launch” of @CNNplus. Wants a “CNN show or is threatening to walk” they go on. “He is having staffers count how many times a day his promo is playing”

[LouieFisk]

Jon Nicosia
@NewsPolitics
SOURCE: Chris Wallace is “having daily breakdowns” over the “miserable launch” of @CNNplus. Wants a “CNN show or is threatening to walk” they go on. “He is having staffers count how many times a day his promo is playing”

[fhayek]

Well, that's why I put quotes around 'free'. I mean, no one is paying for CNN. It comes whether you want it or not. Not free, but not something that you want to buy either.

[DCBryan1]

Glad to hear. I hope he has a nervous breakdown and dies. F**k Chris Wallace and his commie Dad.

[colorado tanker]

And Chrissy, no more gigs moderating Presidential debates.

Hey, maybe the TV station in North Platte, Nebraska, needs a reporter. But be warned, they won't put up with any fake news.

[Bonemaker]

Fire the prick.

[LouieFisk]

Excuse the double post, something went haywire after I hit “post”.

[immadashell]

… The news giant was initially planning to invest around $1 billion in the service over the next four years.

Don't you need viewers? Once they got kicked out of the airports their strategy was fake news. If it weren't for phony Pelousy impeachments they wouldn't have made it this far. I would suggest that “news midget” was a more appropriate phrase (but that would be seriously unwoke!)