BOOM: Warner Bros. Discovery Sending CNN+ to the Fake News Graveyard - Chris Wallace Hardest Hit

The New York Times and Wall Street Journal are reporting today that CNN’s new bosses at Warner Bros. Discovery have decided to pull the plug on 6 week-old CNN+. No word if Chris Wallace, who famously abandoned his sweet 1 hour-a-week gig at Fox News to become the “star” of Jeff Zucker’s pay-to-view brainchild, has been put on suicide watch, but it seems likely.

Here’s an excerpt from that WSJ story:

CNN’s just-launched direct-to-consumer streaming service CNN+ is shutting down, a person with knowledge of the matter said.

An announcement is expected as early as Thursday, the person said. Incoming CNN Chairman and Chief Executive Chris Licht, who hasn’t even officially assumed his role yet, told staffers of the decision on Thursday morning, the person said. Andrew Morse, the executive in charge of the service, is leaving the company, the person said.

The move to shutter the service on April 30, merely a month after it launched, comes only a week after CNN’s parent company WarnerMedia was taken over by Discovery Communications. Discovery’s executives were dubious about the strategy of the service even before its deal to acquire the company closed, according to people familiar with the company’s thinking.

CNN’s previous regime, with backing from former WarnerMedia CEO Jason Kilar, spent $300 million on developing CNN+, people familiar with the operation said. CNN wooed big-name talent, including Fox News anchor Chris Wallace, to join the service.

[End]

Not to brag, but I did tell you all back in January, after Wallace had stormed out of Fox, that CNN+ was doomed to failure since its’ idiotic premise is that people would somehow want to pay to watch fake news content presented by corrupt CNN personalities that they quit watching for free years ago. Knowing this would happen, and quickly, was not exactly rocket science.

Note that CNN+ has performed so horribly that Warner Bros. Discovery is willing to simply write off the $300 million investment as a sunk cost, rather than try to prop the operation up by spending the additional $700 million Zucker had originally planned to invest to promote the idiotic operation. Extraordinary.

Now that CNN’s new owners have dealt with their bungled streaming service, we can expect heads at the legacy CNN operation to start rolling quickly, most likely starting with human potato Brian Stelter, and working their way down from there.

I give Stelter another month at most.

Glorious.

That is all.