According to a report from CNBC, the company has already invested hundreds of millions of dollars into the project. The New York Times notes CNN had plans…
In brief: Warner Bros. Discovery has announced plans to shut down CNN+ just one month after launching the round-the-clock streaming service. CNN+ was expected to usher in the digital era for the news provider. Instead, the service will shut down on April 30. According to a report from CNBC, the company has already invested hundreds of millions of dollars into the project. The New York Times notes CNN had plans to spend more than $1 billion over the next four years to hire more employees and rent out an additional floor of office space in Manhattan to support the venture.
