CNN confirms streaming service CNN+ to launch this spring
Reuters
Published Mar 02, 2022 09:39PM ET
(Reuters) - Cable news network CNN said on Wednesday it will launch a news and entertainment streaming service called CNN+ this spring, at an initial discounted subscription price of $2.99 a month.
Taking on familiar rivals in the highly competitive world of streamed content, CNN will offer the promotional price to those who sign up within the first four weeks. Once the deal ends, the service will revert to a $5.99 monthly fee - the same price as the Fox Nation, the streaming service operated by Fox Corp's Fox News.
The unit of AT&T (NYSE:T)'s WarnerMedia division has invested a reported $120 million and recruited top talent for the new service, including Fox News veteran Chris Wallace, former NPR "All Things Considered" co-host Audie Cornish and Alison Roman, an Instagram personality and author of a popular cooking newsletter.
CNN+ will feature live daily news programming, original series, true crime shows and food and travel, CNN said.
The service is poised to launch following recent period of tumult at the cable news network, whose high profile leader, Jeff Zucker, was forced to leave on Feb. 2 after failing to disclose a romantic relationship with a colleague, Allison Gollust.
The Los Angeles Times was the first to report the pricing and the timing of the debut, which is expected in the last week of March. CNN declined to provide a date beyond previous remarks saying the service is expected to launch in the first quarter.
A veteran television executive, Chris Licht, has been named the new CNN Global chairman and will assume those responsibilities when Discovery (NASDAQ:DISCA) completes its $43 billion acquisition of WarnerMedia. The deal is expected to close this spring.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.