Posted on 04/22/2022 1:09:11 PM PDT by Oldeconomybuyer
NEW YORK (AP) — The Edsel. Quibi. New Coke. The Segway. DeLorean sports cars. The pantheon of colossal business failures has a new member in the CNN+ streaming service.
The news network’s subscription offering hadn’t even been operating for a month before Warner Bros. Discovery announced this week that it would be shutting down on April 30.
“It’s going to be in the Top 10,” said Steve Rosenbaum, executive director of the NYC Media Lab and an expert in business innovation, surveying the lengthy history of products that went belly-up.
While “CNN minus” comments quickly proliferated, it’s no joke to the more than 300 people hired for CNN+, which was in development for two years. CNN is expected to absorb some of those jobs but there will be layoffs — a clear picture on those numbers is still emerging.
The company spent hundreds of millions of dollars on the project and no one knew when, or if, losses would be replaced by profits.
Presciently, reporter Josef Adalian recalled that failure in an article for Vulture headlined, “CNN+ has Quibi Vibes,” that posted two days after its launch.
“CNN+ in its formative phase feels somewhat like the Quibi of streaming news,” Adalian wrote. “Lots of money has been spent, big stars are onboard, but it’s hard to figure out just what the service is supposed to be and why a large number of people will want to pay for it.”
Rosenbaum, a self-described news junkie, couldn’t figure out what CNN+ offered that was unique and vital to him. He said he never even considered paying the monthly $5.99 fee to subscribe.
He said it had “lots of famous faces that I get other places.”
(Excerpt) Read more at apnews.com ...
Microsoft Zune,
Microsoft “Plays for Sure”
Circuit City DivX
Not trying to be unnecessarily partisan, but the hardcore lefties are typically lower income and don’t pay for anything. They expect things to be Bernie style, you know, free. Just look at their websites Reddit or any other leftist dominated site. They are obsessed with negative complaining about paying for anything. Basically, they are radical hippies, the kind of people who are usually toxic in a normal workforce, always complaining. Always negative.
They don’t see how a CNN+ would benefit them, especially if CNN and PMSNBC is free. Good enough for them. Now when are they getting their school loans forgiven? Did they get their free birth control? What about their guaranteed basic income? Free cell phone? Subsidized housing? Paying for CNN+? Bwahahahahahaa...
There was also Air America, the Left’s answer to Rush.
BUT NO!!!! Brian Stelter says its “still to early to judge whether CNN+ was a failure or not”.
You’re kidding. That ugly nose-looking grill killed all the lines of what was basically a Fairlane. Ack!
The only real fault was the huge female genitalia on the front of the car. It invites snickers from friends and neighbors.
Schlitz was a business school case study.
I suspect Rosenbaum pays for cable. A paid streaming news channel makes sense for cord-cutters.
Sucking on a lemon, said Uncle Morty.
Did anyone get a number of how many actual subscribers they got?
Microsoft ME
That front grill, though, was said to look like “an oldsmobile sucking a lemon”
The New Coke! Carter’s “Think Metric!” Live google research.
Somewhere between a hundred and two hundred thousand if I recall.
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