On Thursday, about 15 months into his tenure—two months longer than his predecessor, Chris Licht, lasted—CNN chairman and C.E.O. Mark Thompson unveiled a number of changes intended to advance the network along its tortured progression from 45-year-old cable news channel to its end goal of being a thriving, multiplatform digital enterprise. Most notably, he previewed the launch of a new, subscription-supported streaming service; hinted at unspecified subscription lifestyle products; and stressed the need to transform the clunky CNN website and app into “a modern and premium video-driven experience.” These efforts, fueled by a $70 million investment from parent company Warner Bros. Discovery, marked the first step in the unit’s plan to reach $1 billion in digital revenue by 2030. One can only assume that, by then, $1 billion would more or less cover over the business’s expected losses in linear revenue.
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