CNN's Streaming Service Shutting Down a Month After Launch |
“Those are the facts,” Perrette said. “We've learned from painful history, financially costly history.”
Under AT&T,there were $100 million in development costs and some 500 employees assigned to building out CNN+. Perrette told the employees they would have “first dibs” on some 100 jobs currently open at CNN. Licht's memo said there would be at least six months of severance pay for departing staffers. The CNN+ service's flagship was arguably Wallace's daily interview show, for which he left his previous job as “Fox News Sunday” host. Wallace did not immediately return a message seeking comment.
Warner Bros. Discovery is led by Discovery CEO David Zaslav, who has his own vision for CNN and its Warner siblings.
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