Chris Wallace May be Unemployed as Reports Indicate CNN+ is Completely Closing Down Under Warner Bros. Discovery

CNBC is reporting that under Warner Bros. Discovery, CNN+ is likely to be permanently canceled. This could leave former Fox News host and Democrat Chris Wallace completely unemployed.

This is a breaking story reported first on CNBC and more details will be added shortly. Wallace was reported to be furious after Jeff Zucker lost his position as president and has been complaining ever since. Perhaps he should have stayed at Fox News, although we’re sure most Fox News viewers don’t miss him.

Recently Megyn Kelly, another former Fox News host took a swipe at Wallace and how unpopular he is in her opinion.

Megyn Kelly Takes Swipe at Chris Wallace While Describing How She Turned Down a ‘Huge Offer’ to Work for CNN

Warner Bros. Discovery (WBD) was down almost 6% in the stock market in a recent check.

Recently it was reported that CNN+ had suspended marketing and had layoffs looming, but as a CNBC commentator noted, no one saw the complete cancelation of the streaming service coming this quickly.

Update: CNN has officially confirmed that CNN+ will shut down as of April 30th. Customers will receive “will receive prorated refunds of subscription fees,” CNN reported.

CNN reported in part:

The decision was made by new management after CNN’s former parent company, WarnerMedia, merged with Discovery to form Warner Bros. Discovery earlier this month.

The prior management team’s vision for CNN+ runs counter to Warner Bros. Discovery CEO David Zaslav’s plan to house all of the company’s brands under one streaming service. Some CNN+ programming may eventually live on through that service. Other programming will shift to CNN’s main television network.

“In a complex streaming market, consumers want simplicity and an all-in service which provides a better experience and more value than stand-alone offerings, and, for the company, a more sustainable business model to drive our future investments in great journalism and storytelling,” Discovery’s streaming boss J.B. Perrette said in a statement.

“We have very exciting opportunities ahead in the streaming space and CNN, one of the world’s premier reputational assets, will play an important role there,” Perrette added.

This comes as streaming as a whole is on the rocks after Netflix recently reported a horrible earnings report. It’s unclear what the future will hold for Chris Wallace and others who were employed by CNN+.