CNN talking head Brian Stelter claims that it is “still too early” to tell if the outlet’s streaming service CNN+ was a “success or failure.”
CNN spent $100 million on the venture.
CNN+ was cancelled less than a month after it launched.
“It’s too early to know if this product, if this service was a success or a failure,” Stelter said on his show on the streaming service, which is about to come to an end.
Fewer than 10,000 viewers were tuning in to the service per day.
CNN+ launched on March 29 for $5.99 a month or $60 a year. The failed service will be ending on Saturday, April 30.
CNN had planned to invest a billion dollars and hire “hundreds” of journalists for the streaming service. The company even convinced reporters to leave sold jobs at other networks and join the project, including Fox News’ Chris Wallace and NBC News’ Kasie Hunt.
CNN+ employees will be paid for the next 90 days and be given opportunities to explore other positions around the company, according to reports.