Chris Wallace seems to have erred in leaving Fox News for CNN+ as he was frustrated with Fox’s 2020 election coverage and, in particular, with host Tucker Carlson.
There was a recent report that detailed how many of the funds that were allocated to CNN’s new streaming service would be cut.
Over the next four years, the news organization initially planned to invest about $1 billion in the service. The original investment total is expected to be slashed by hundreds of millions of dollars. Up to this point, about $300 million has been spent on the subscription service, which includes a significant marketing investment. CNN+ has yet to be decided on how to proceed by the new company’s leadership team. Chris Licht, CNN’s new boss, will take over on May 1.
The departure of Wallace from Fox News Primetime may have been more connected to Tucker Carlson than previously understood.
In an interview with The New York Times, the former “Fox News Sunday” host took a number of potshots at his former employer.