CNN Checkout Channel 1993, Turner announced the discontinuation of the CNN Checkout Channel, taking a $16 million write down. Turner cited difficulties in making the service profitable as justification for the shutdown. A further expansion, which would have added "several thousand" locations to the network at a cost of $35 million, was aborted by the shutdown. Stores that wished to keep the televisions were offered a feed of CNN Headline News as a replacement. CNN Checkout Channel CNN Checkout Channel was a satellite television network operated by ActMedia and Turner Broadcasting System through its CNN and Turner Private Networks subsidiaries. The network was
Jonathan Klein (CNN) board of the Pareto Network. Using his extensive knowledge of the media industry, he will help Pareto with the distribution of its trusted and verifiable blockchain information. Employed by CNN/US as president in November 2004, one of Klein's first acts was to deploy a large contingent of U.S.-based correspondents to cover the Asian tsunami. Previously, CNN would usually send locally based overseas correspondents to cover breaking international stories. This tactic of "flooding the zone," as Klein called it, became a hallmark of CNN's breaking news coverage on other major stories as well. CNN won the DuPont-Columbia Award for its tsunami