CNN is getting ready to launch a streaming service. Again.
Three years after CNN’s parent company killed the hotly anticipated (and very expensive) CNN+ service shortly after it was released, the news network will introduce a new streaming product this fall that packages live and on-demand programming.
Mark Thompson, the company’s chief executive, told employees about the service in a meeting on Tuesday afternoon. Some of the details about the service remain unclear, including pricing and an exact release date. But Mr. Thompson said the new service would be tied to the company’s recently introduced subscription product, which gives paying members unlimited access to articles posted on CNN.com.
CNN is also taking pains to avoid alienating its most valuable customers: traditional cable distributors. Those customers will have free access to CNN’s streaming service.
Alex MacCallum, CNN’s executive vice president of digital products and services, said in a statement that bundling the video service with CNN’s existing digital subscription product would allow “audiences to get the most out of CNN in one seamless and simple way.”
Like most other news organizations, CNN is trying to find new sources of revenue as its traditional business declines. Mr. Thompson said in an interview this year that the company’s “future prospects will not be good,” if CNN does not follow its audiences to new platforms “with real conviction and scale.”
Mr. Thompson, who previously led a digital turnaround at The New York Times, has focused his attention on CNN’s digital business since he joined the company in 2023. Investments in the digital efforts are fueled, in part, by a $70 million investment from Warner Bros. Discovery, its parent company.
Mr. Thompson hired Ms. MacCallum, a former executive at The Times, to lead the network’s digital push, and is planning to add 200 digital-focused employees this year. The network laid off roughly 200 employees focused on its traditional TV operations this year.
CNN’s new service won’t look like CNN+, its failed $300 million splashy foray into streaming that was stuffed with well-known news and entertainment personalities. The new service will be more stripped down, resembling the network’s traditional cable experience, although not an exact replica. Subscribers will also have access to a library of original shows and documentaries.
