Billy Hathorn via Wikimedia Commons

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CNN is now reportedly in financial crisis after its much hyper streaming service, CNN plus, experienced a shocking low adoption rate after its roll out.

As 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.

Details: CNN executives, with help from consulting firm McKinsey, originally expected to bring in around 2 million subscribers in the U.S. in the service’s first year and 15-18 million after four years.

  • They originally planned for the service to break even after four years.

The shockingly low adoption rate will likely mean further layoffs at the company, potentially including some of its top brass.


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Grizz Mann
Grizz Mann
4 months ago

CNN is most Certainly Not News, still.

grinnie
4 months ago
Reply to  Grizz Mann

Good one Grizz…LOL!!

Robert Smith
Robert Smith
4 months ago

I would be willing to bet the 10k are unknowingly subscribed!

Thomsen
Thomsen
4 months ago

Wat’s CNN?