Wed Apr 13, 2022 – 6:47 pm EDT
(LifeSiteNews) – CNN’s subscription content service CNN+ is falling well below the left-wing media network’s expectations, reportedly to the consternation of one of its most high-profile defectors from Fox News.
CNBC reported that CNN+, which costs $5.99 per month or $59.99 per year, currently enjoys fewer than 10,000 daily users two weeks after its March 29 launch.
“It’s ahead of my expectations in terms of where the subscribers are, the engagement, the receptiveness that we’re getting in terms of people’s response to the journalists of CNN+,” Jeff Kilar, former CEO of parent company WarnerMedia, claimed to CNBC. “I couldn’t be more proud of that team.” A spokesperson added that the company “continue[s] to be happy with the launch and its progress after only two weeks.”
But i>Axios reported that the service’s early performance and projections going forward have disappointed company insiders to the point that “hundreds of millions” of dollars are now expected to be cut from initial plans to invest $1 billion in CNN+ over the next four years.
This internal disappointment comes amid a transition period for the company, as WarnerMedia recently emerged with media giant
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