The Latest Breaking News from Discovery

The ascendant business of steaming video, which has for years been seen as the biggest threat to the traditional entertainment industry, just had quite possibly its worst week ever. Netflix's stock got crushed. CNN+ got killed.

This week, the news broadcasting world witnessed the abrupt demise of a highly-touted startup streaming service and the rambunctious arrival of a brash new player.

Epic business failures — the Edsel, Quibi, New Coke — have some new company

The tea leaves were there.

With consumer spending on subscriptions maxed out, streamers hope to boost revenue by selling ads.

CNN’s brand-new streaming service, CNN+, is shutting down only a month after launch

CNN's streaming service had a rough launch, and after about a month of existence, it's heading for the chopping block.

Warner Bros.Discovery Inc (NASDAQ:WBD) is shutting down CNN's news streaming service CNN+ on April 30. The new management (formed after CNN's former parent company, WarnerMedia, merged with Discovery) decided to shut down the service following its March 29 launch. WBD CEO David Zaslav looks to house all of the company's brands under one…

CNN’s brand-new streaming service, CNN+, is shutting down only a month after launch

Warner Bros.Discovery Inc (NASDAQ:WBD) suspended every external marketing spending for its recently launched streaming service CNN+ and laid off CNN's CFO Brad Ferrer, Axios reports. Discovery's current CFO for streaming and international, Neil Chugani, succeeded Ferrer. The report added that Warner Bros. Discovery looks to eliminate other high-level positions at WarnerMedia across…

CNN execs think the launch has been successful. Discovery executives disagree.