Hacker News Reader

A complete and stunning failure. Less than a month after launch, another mainstream media product has struggled to take off and has been shut down.

One of the biggest launch failures since Quibi, but again very unsurprising that it was shut down so quickly.

View on HN

This sounds like something is changing somewhere, for a company to admit defeat that quickly either indicates there are internal politics at play, or the industry as a whole thinks the streaming pie is drying up fast.

The something that changed was WarnerMedia (CNN's parent company) being bought by Discovery Communications earlier this month. The new people in charge saw what everyone else saw and axed this boondoggle ASAP.

> This sounds like something is changing somewhere

Well, their parent company (Warner Bros. Discovery) just completed a big merger 2 weeks ago.

That makes a lot more sense, the parent company gave them one chance and then was like "er nope".

Quibi lasted for longer than this. I wouldn't be surprised if this is one of the shortest run in recent memory for a service with this much investment behind it

Reply on news.ycombinator.com