Epic business failures — the Edsel, Quibi, New Coke — have some new company
Signage is seen at CNN center, Thursday, April 21, 2022, in Atlanta. The pantheon of colossal business failures has a new member in the CNN+ streaming service. The news network's subscription offering hadn't even been operating for a month before Warner Bros. Discovery announced this week that it would be shutting down on April 30. – The Edsel. Quibi. New Coke. The Segway. DeLorean sports cars. The pantheon of colossal business failures has a new member in the CNN+ streaming service.
Old-timers remember the Edsel, a new car model introduced by Ford in 1957 that was poorly made and too expensive. It was discontinued after two years, costing Ford an estimated $250 million, the name remembered as a synonym for business failure long after the car itself was forgotten. Rosenbaum, a self-described news junkie, couldn't figure out what CNN+ offered that was unique and vital to him. He said he never even considered paying the monthly $5.99 fee to subscribe.handful of its own news programs
When Discovery bought out CNN's previous corporate owner, AT&T, many observers believed CNN+ would eventually be absorbed into a larger app that also had entertainment offerings.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
RIP, CNN+ (March 2022–April 2022)CNN+, the Quibi of cable news, will be shutting down a mere month after launching
Weiterlesen »
MSNBC, ABC, CBS, NBC all avoid covering the demise of CNN+The liberal networks turned a blind eye towards CNN's devastating business blunder.
Weiterlesen »
CNN's streaming service shutting down a month after launchCNN’s brand-new streaming service, CNN+, is shutting down only a month after launch
Weiterlesen »
'Amazing': Cannabis sales in New Jersey bring excited buyersNew Jersey’s recreational marijuana marketplace is open for business
Weiterlesen »
Feeling 'right,' 'safe,' people greet cannabis sales in NJNew Jersey's recreational marijuana marketplace is open for business.
Weiterlesen »