CNN refuses to deny report that there will be job cuts as soon as May at CNN+ due to low subscriptions just a day after the streaming service launched

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  • CNN officials did not deny that possible layoffs were in store in the near future following the launch of its new CNN+ streaming services
  • A Fox Business Network reporter claimed the company was bracing for job cuts because CNN+, which launched on Tuesday, was already failing
  • The $120 million venture features daily news programming, original series, true crime shows and food and travel docuseries
  • CNN had snagged big names like Fox News’ Chris Wallace, MSNBC’s Kasie Hunt, and actress Eva Longoria to host new shows on the platform
  • Media streaming experts say CNN+ will need to attract between 500,000 to 1 million subscribers within its first year to claim success
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