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Saturday, sep 7
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Business
CNN To Shut Down Streaming Service One Month After Debut
Just a month after its debut, CNN is shutting down its streaming service, CNN+, according to CNN Business. Subscribers have until Saturday, April 30 to watch programming, at which point CNN+ will cease to exist, the outlet reported. The move comes amid a major shakeup in company management after CNN’s former parent company, WarnerMedia, merged with Discovery to form Warner Bros. Discovery. David Zaslav, the CEO of Warner Bros. Discovery, plans to instead house all of the company’s brands under a single streaming service, CNN Business reported. “In a complex streaming market, consumers wan…
Business
Chris Cuomo Sues CNN For $125M, Citing 'Smear Campaign' After His Firing, Reports Say
Former CNN anchor Chris Cuomo is planning a massive lawsuit against his former employers after he was accused of misconduct in the workplace, according to new reports, including by Deadline. Cuomo, who was let go by CNN in late 2021, is alleging that CNN and parent company WarnerMedia launched a “smear campaign” against him, and he is seeking more than $125 million in damages, claiming that his career has suffered as a result of their actions. “Cuomo has had his journalistic integrity unjustifiably smeared, making it difficult if not impossible for Cuomo to find similar work in the future …
Business
Jeff Zucker Resigns As CNN President Due To Revelation During Chris Cuomo Inquiry
CNN Worldwide President Jeff Zucker has resigned after failing to disclose a “consensual relationship” with a staffer that was uncovered during the probe into former late-night host Chris Cuomo. Zucker, age 56, announced on Wednesday, Feb. 2 that he would be stepping away from the network, effective immediately, for allegedly having a relationship his Allison Gollust, one of his top aides and advisors for years, who is remaining at CNN. “As part of the investigation into Chris Cuomo's tenure at CNN, I was asked about a consensual relationship with my closest colleague, someone I have worke…
Business
CEO At Center Of $43 Billion Deal To Merge Discovery, WarnerMedia Is Hudson Valley HS Grad
The mastermind set to take over what would be one of the world’s largest entertainment conglomerates got his start as a high school graduate of New York's Hudson Valley. On Monday, May 17, AT&T and Discovery announced an agreement to combine WarnerMedia’s assets with Discovery’s businesses to create a standalone entertainment company that will be led by Discovery CEO David Zaslav, a graduate of Ramapo High School in Rockland County. Born in Brooklyn in 1960, Zaslav moved to the Hudson Valley at the age of 8. He was a captain of the Ramapo High School varsity tennis team. He …