By Kyle Smith
Tuesday, April 12, 2022
How long will CNN+, an utterly doomed proposition that
has already spent $300 million and attracted virtually no viewers in its first
month, last? Two years? One? Will it even make it to the midterms?
Insiders are already leaking damaging information to rival
news outlets, with both Axios and
CNBC getting in on the fun this week. The former reports that the new streaming
service is looking at losses of hundreds of millions, and is already planning
layoffs and scaling back its original planned investment of $1 billion. The
latter reports that
“fewer than 10,000” are watching the app on any given day. What does that mean?
Five thousand? Three? One? Is anybody watching? Zero is fewer than 10,000. Why
would anybody watch? They’re dying to pay 6 bucks a month for a little more
Wolf Blitzer?
Launching a big, bold new gamble when the company was on
the verge of being sold and changing corporate leadership was a demented
move on the part of outgoing WarnerMedia CEO Jason Kilar, who seemingly
wanted to leave a monument to his greatness as he was being kicked out into the
alley with the food scraps. Kilar is the guy who famously gave a
Master-of-the-Universe interview bragging about his visionary
vision to the Wall Street Journal at the exact
moment his bosses at AT&T were selling the
company without telling him to folks who had new management in mind.
Kilar is a kind of Daffy Duck character who is always telling everybody
that his schemes make perfect sense, even when he presided over such
catastrophes as driving the company’s signature filmmaker out of the
company and into the arms of a rival.
True to form, Kilar went out the door bragging about
CNN+, which he farcically claimed was exceeding his expectations just a week
ago.
The incoming boss of what is now called Warner Bros.
Discovery, CEO David Zaslav, has been, shall we say, tempered in his
enthusiasm for this white-elephant project. He has no skin in the game, no
sentimental attachment. CNN+ is somebody else’s baby. How long will he keep
losing money because of his numbskull predecessor’s mistake? My guess is: not
long at all.
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