I think you might be reading to much into it. They dipped their toe into streaming services with far to little content, far too late. Netfix has just taken a massive hit and that's largely based on content issues. Yes, you need shows people want to watch but importantly you also need a LOT of them. You need mass. CNN didn't have it.
I wonder how Cris Wallace enjoyed the improved atmosphere and management....... as long as it lasted.