CNN is developing a new streaming service nearly three years after shutting down the previous one.

CNN is working on the development of a new streaming service that, interestingly, has similarities to the one it shut down almost three years ago. In an internal memo, CNN CEO Mark Thompson stated that this platform will allow viewers to "stream news programs from any device they choose," as part of a broad restructuring plan.

CNN's foray into the streaming world began in 2022 with the launch of CNN Plus, a service that closed its doors after just one month of operation. Thompson did not specify whether the new service will offer content similar to that of its linear channel or focus on original programming, as CNN Plus did.

"It is still early, but we have already determined that there is significant demand not only in America but in many parts of the world," Thompson said. "We will have more information about this new digital product in the coming months, including content plans and how we will collaborate with our current and future distribution partners to bring it to market."

In addition to the new streaming service, Thompson mentioned that Alex MacCallum, executive vice president of digital products and services at CNN, will announce the company's "first lifestyle-oriented digital product" and a "significant shift toward digital video."

As part of these reforms, CNN plans to lay off six percent of its workforce, which amounts to around 200 employees. However, Thompson notes that "the total workforce is not expected to decline significantly this year" thanks to a $70 million investment from Warner Bros. Discovery, CNN's parent company.

The news about the return of CNN's streaming service comes at a time when traditional television networks are facing an increasing shift toward streaming platforms. Recently, CNN announced that some of its articles will be available only through a subscription model, while CNBC has also launched its own subscription option for $14.99 a month, CNBC Plus.