Axios reports that CNN+, where former Fox News host Chris Wallace is currently employed “looks doomed.”
They report “Warner Bros. Discovery has suspended all external marketing spend for CNN+ and has laid off CNN’s longtime CFO as it weighs what to do with it moving forward.”
in addition “New leadership has replaced CNN CFO Brad Ferrer with Neil Chugani, Discovery’s current CFO for streaming and international, as part of a broader finance team restructuring.Other high-level positions at WarnerMedia across different business functions are likely to be eliminated to cut costs and streamline leadership in coming weeks.”
“Executives are frustrated that new leadership is moving quickly to dismantle what they see as an eventual lifeline for the cable network,” the report adds.
Last week, Jon Nicosia of the DC Examiner tweeted a stunning report that former Fox News anchor Chris Wallace is “having daily breakdowns” over the miserable failure of CNN’s new streaming service CNN+.
SOURCE: Chris Wallace is “having daily breakdowns” over the “miserable launch” of
@CNNplus. Wants a “CNN show or is threatening to walk” they go on. “He is having staffers count how many times a day his promo is playing”
struggles to lure viewers in its early days, drawing fewer than 10,000 daily users
.@CNNplus struggles to lure viewers in its early days, drawing fewer than 10,000 daily users https://t.co/zdcidVNh8H
— Jon Nicosia (@NewsPolitics) April 12, 2022
Many Trump supporters mocked and blasted Wallace over the news along with his decision to leave Fox News for CNN and choose an unproven streaming service platform to debut his show.
Here are just some of the responses to Nicosia.
Nobody was watching CNN for free. Why did he think people would pay to watch it?
— Stephen King (@StephenDKing60) April 13, 2022
Who has left FOX News for a better career? Wallace joins Shepherd Smith, Megyn Kelly, and Bill O’Reilly that all fallen off. Wallace had a great role but that said he got paid very well to end his career with a whisper.
— EastBay (@EastEndCruz) April 12, 2022
Their Twitter engagement is somewhat lacking pic.twitter.com/3ZCqb6zI8d
— 🦄✨🌈 STOP SAYING GAY 🌈 ✨🦄 (@taliblond) April 13, 2022
Baffling… a network people get for “free” indirectly when getting cable – *that has no viewers* – thought they could get viewers to pay for an app/site no one knows exists.
— Trey Radel (@treyradel) April 13, 2022
This is your daily dose of reality Chris.
— Jeffrey King (@n1djs) April 13, 2022
— Beth Baumann (@eb454) April 12, 2022
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