Commentary
The demise of CNN+ after less than a month has led to unfettered gloating on the right. It might be more appropriate for conservatives to reflect on the debt they owe to what actually used to be the “Most Trusted Name in News,” long before that now-dubious slogan was coined.
CNN’s new streaming service could only convince about 150,000 people to pay a modest $5.99 a month for “more than 1,000 hours” of premium content; a mere 10,000 people were watching the cable giant’s new service at any one time; CNN had believed it could ultimately gain subscription payments from nearly 30 million viewers worldwide. This after apparently spending $300 million launching the service and between $100 million and $200 million on advertising.
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