Warner Bros Discovery is shutting down its CNN+ streaming news service, Variety reported on Thursday, citing two people familiar with the matter.
The media firm is expected to provide details to employees on Thursday, the report
Warner Bros Discovery, whose shares fell 5.6% on the news, did not immediately respond to a Reuters request for comment.
CNN launched CNN+ late last month in a bid to capitalize on the rising popularity of streaming video and growth of digital subscriptions at major news organizations.
The streaming service offers a combination of live, on-demand and interactive programming, with an emphasis on original content.