In a Thursday town hall, executives also said that the service’s inability to show live breaking news was a crucial failing.
“It’s a little bit like The New York Times subscription without The New York Times,” said J.B. Perrette, head of Discovery’s streaming services.
“Those are the facts,” Perrette said. “We’ve learned from painful history, financially costly history.”
If the company is going to go in a different direction than CNN+, “we can’t let it go on one second more than it needs to,” he said.
On the television network, Licht is expected to increase CNN’s emphasis on news coverage with less commentary.