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CNN hired 700 people and invested $100 million to launch their CNN+ subscription service. Three weeks later their new leadership terminated CNN+. It didn’t take a lot of math to realize this venture was likely doomed to fail. CNN’s new leadership made a wise, but difficult decision to take their losses and terminate CNN+. ...
The post A Doomed Business Venture appeared first on Unconventional Business Network.
By Rick Boxx5
77 ratings
CNN hired 700 people and invested $100 million to launch their CNN+ subscription service. Three weeks later their new leadership terminated CNN+. It didn’t take a lot of math to realize this venture was likely doomed to fail. CNN’s new leadership made a wise, but difficult decision to take their losses and terminate CNN+. ...
The post A Doomed Business Venture appeared first on Unconventional Business Network.

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