CNN regrets trying streaming service. Will Chris Wallace retire at 74.

San Francisco CA

Description

After roughly $300 million invested, 23 days in operation, and just 10,000 daily viewers, the numbers for CNN+ just didn’t add up. The streaming service’s parent, CNN, has decided to shutter the product; April 30 will be its last day in operation. The decision was confirmed by CNN on its website, just three days after reports surfaced that the company had decided to cut CNN+’s marketing budget. During today’s conference call with investors, AT&T, the former parent company of CNN, noted that “declines in earnings at WarnerMedia reflect increased investments incurred in launching CNN+ and expanding new territories at HBO Max.” Everyone – and I mean EVERYONE – except Chris Wallace saw this dumpster fire coming. Fox News anchor Chris Wallace, one of the few high-profile news personalities who retained a reputation of integrity as Fox leaned hard into right-wing and conspiratorial programming, announced Sunday that he is departing the network and joining CNN+ to host a weekday show. Wallace made the stunning announcement of his departure at the end of “Fox News Sunday,” the flagship weekly political program that he has moderated since 2003. “It is the last time, and I say this with real sadness, we will meet like this,” Wallace said. He described his time at Fox as a “great ride” and said he was “ready for a new adventure.”