Profits Slump at CNN as Ratings Plummet

Profits Slump at CNN as Ratings Plummet

One of the first moves the newly formed Warner Bros. Discovery made when it took over CNN was shutting down CNN+, the nascent streaming service that was touted as the network’s bridge to the future. The next month, when Chris Licht took over as CNN’s chairman, he told employees in his first town hall meeting …

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