CNN+ Continues To Tank After Just One Month After Launching. We hope Chris Wallace is enjoying this.
The company will lose hundreds of millions of dollars from its original $1 billion investment, Axios reported. CNN executives initially expected around 2 million subscribers in the first year and 15-18 million in four years, which will have to be cut with the investment.
Nearly $300 million has been spent on the service, Axios reported. It is unclear if CNN+ executives, including boss Andrew Morse, will stay with the service after investment cuts.
