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CNN confirms streaming service CNN+ to launch this spring -Breaking

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© Reuters. FILE PHOTO – The CNN logo is seen outside of the Fox Theater, Detroit, Michigan. This was July 30, 2019. REUTERS/Brian Snyder/File Photo

(Reuters) – Cable news channel CNN announced Wednesday that it would launch a streaming news service, CNN+, this spring at a discounted price of $2.99 per month.

CNN is taking on the well-known competitors in streaming content. It will offer a promotional price for those who sign up within four weeks. The service will return to the $5.99 monthly price once the deal expires. It is identical to the Fox Nation streaming service, operated by Fox Corp.’s Fox News.

The unit of AT&T (NYSE:)’s WarnerMedia division has invested a reported $120 million and recruited top talent for the new service, including Fox News veteran Chris Wallace, former NPR “All Things Considered” co-host Audie Cornish and Alison Roman, an Instagram personality and author of a popular cooking newsletter.

CNN announced that CNN+ would feature CNN+’s live news, original programming and true crime series. CNN also mentioned food and travel.

Following recent turmoil at Cable News Network, where Jeff Zucker (high profile leader) was forced to resign on February 2nd after failing disclose that he had a romance with Allison Gollust, the service is set to go live.

The pricing details and when the debut will be made public were reported first by The Los Angeles Times. They expect it to happen in the final week of March. CNN did not provide any additional information beyond its previous statements that the service would launch during the first quarter.

Chris Licht is a veteran TV executive and has been appointed the new CNN Global Chairman. He will take over these responsibilities after Discovery’s $43 billion purchase of WarnerMedia. This deal should close by spring.

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