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.
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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.
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They originally planned for the service to break even after four years.
CNN Plus is reportedly drawing fewer than 10,000 viewers a day https://t.co/rXa9s1WFOk pic.twitter.com/HQh9jdGEXP
— The Verge (@verge) April 12, 2022
The shockingly low adoption rate will likely mean further layoffs at the company, potentially including some of its top brass.
CNN is most Certainly Not News, still.
Good one Grizz…LOL!!
I would be willing to bet the 10k are unknowingly subscribed!
Wat’s CNN?
No loss there!!!
I hope they go broke.
good riddance never watch them,FOX is honest news
Really???? Who would of thunk????
Couldn’t have happened to a better deserving bunch of buffoons.
cannot happen soon enough
Well, cnn bet the farm on the “ woke” agenda. Now they are loosing it because people are waking up and seeing that cnn is a leftist propaganda machine that skews the news towards the demonrats. They don’t report honest news, they have their “ talking heads” giving their opinions, not real honest news reporting. Not to mention all the sexual harassment, scandals about top dogs. They just need to shut it all down!
CNN is a lousy mouthpiece for the democrats
Actually…. CNN is the perfect poster child to represent da Dem’s 😝 !!!
Couldn’t happen to a better bunch of people.
couldn’t happen to a better company. hope they go broke
The CNN “top brass” are clueless as to what most Americans expect from a news organization and as long the current crop remains in power, CNN will NEVER be a reputable source. “CNN, the most trusted name in news.” What a joke…
They never say the most important three letters on “trusted” (distrusted).
You first have to have something worth subscribing to before people will subscribe to it. CNN once had it, but Zucker completely destroyed CNN, and the owners allowed him to do it, not realizing that people will only accept so many lies, even when they prefer lies over the truth, they still know that they are lies. When the truth is absent, and hypocrisy reigns, most people leave and search for the truth, which is why FOX News has so many viewers.
What absolutely wonderful news!
Y’all gonna look like CLOWNS IN YER HOTDOGONASTICK GETTUP😂🖕👋
A person could get a more accurate take on the news by watching the Bee, rather than watching CNN.
Y’all gonna look LIKE CLOWNS IN YER HOTDOGONASTICK GETTUP😂👋
Why would some one pay for fake news when you can get it for free!
How did they not know that people are tired of their fake news, and primadonna anchors?
Well, they do now.
Well, you know what “anchors” are used for – stopping progress, digging in the mud and bringing up stuff no one wants to know about.
Chris Wallace?
Good bye!
They dont bother to mention how many 10’s of people did subscribe.
Y’all gonna look like the CLOWNS U R
IN THAT HOTDOGONASTICK GETTUP!
Watching CNN now… thanks for the non-information.
Who in their right mind would go out of their way to subscribe to a “news” streaming service when even the most liberal viewers no longer trust them for accurate reporting.
– “During times of universal deceit, telling the truth becomes a revolutionary act.” ― George Orwell
Most of CNN’s viewers are the types that think everything should be free. Why would the pay their own money to get their propaganda? Maybe the CNN executives should hit up all the airports to see if they will stream this to their screens, since that makes up a lot of their current viewership.
Oh, too bad!
Are they still around?
Couldn’t happen to a nice bunch of people. CNN has been garbage ever since Ted Turner sold it off.
I love it !!!
In one word: PERFECT.
If CNN didn’t have an exclusive at all the airports, they would not have any viewers at all.