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Why is CNN closing its streaming news service?

Published

2 years ago

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CNN’s much-hyped streaming news service known is shutting down on April 30, just one month after it launched

CNN says the vision for the streaming service goes against the vision of CEO David Zaslav and his vision to unite the whole company under one brand.

The decision was made by the network’s new management, following CNN’s parent company, WarnerMedia merging with Discovery to form Warner Bros. Discovery earlier in 2022.

Discovery’s boss says the streaming market is complex and “consumers want simplicity and an all-in service which provides a better experience and more value than stand-alone offerings”.

He says the network still has “exciting opportunities ahead in the streaming space”.

Incoming CNN CEO Chris Licht spoke to employees frankly, noting it is a “uniquely shitty situation.”

Hundreds of CNN+ staffers could face redundancy.

In a memo, the CEO says “all CNN+ employees will continue to be paid and receive benefits for the next 90 days to explore opportunities at CNN, CNN Digital and elsewhere”.

Those who don’t find a new role will receive a minimum of six months severance.

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William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Research key to investment success

Published

18 hours ago

on

May 6, 2024

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

Published

21 hours ago

on

May 6, 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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Unpacking crypto ‘prop trading’

Published

3 days ago

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May 4, 2024

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What is crypto proprietary trading and how can it benefit you?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto Calls, Cheyne Kupfer.

In this episode, Cheyne sits down with Growth Partner at Crypto Calls, Jack Birkinshaw to talk all things prop trading.

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