Trump & Son Celebrate CNN+ Shuttering, Netflix Fiscal Woes

Former President Donald Trump and his son, Donald Trump Jr., wasted little time celebrating the pending shutdown of CNN+, with Trump also taking a swing at former Fox News host Chris Wallace, and his son piling on the fiscal woes of SVOD pioneer Netflix.

Citing changing priorities, CNN+ is set to cease operations on April 30 after reportedly spending $300 million on the platform and generating just 150,000 subscribers. Wallace, who left Fox to join CNN+, had been marketed as one of the platform’s headliners. Warner Bros. Discovery is focusing streaming operations on HBO Max and Discovery+.

In separate social media posts, Trump, through his spokesperson’s Twitter account, continued his long-running feud with CNN, which he has long accused of distributing “fake” news.

As president, Trump tried to quash AT&T’s acquisition of Time Warner largely due to his dislike of CNN.

“Congratulations to CNN+ on their decision to immediately FOLD for a lack of ratings, or viewers in any way, shape, or form,” Trump wrote. “It was like an empty desert out there despite spending hundreds of millions of dollars and the hiring of Chris Wallace, a man who tried so hard to be his father, Mike, who lacked the talent and whatever is necessary to be a star.”

Trump characterized the streamer as “just one more piece of CNN and fake news we don’t have to be bothered with.”

Separately, Don Jr. piled on Netflix’s disastrous fiscal week that saw the SVOD behemoth lose almost 40% market valuation after posting a 200,000 first-quarter subscriber loss and projecting another 2 million sub loss in the current quarter.

Parodying Netflix management, Trump’s son tweeted: “We can’t figure out why we’re hemorrhaging hundreds of thousands of subscribers.”

He then posted a picture of new Netflix series, “He’s Expecting.”

Subscribe HERE to the FREE Media Play News Daily Newsletter!