CNN Slashes iPhone App Price...to Free

CNN is getting out of the paid app business—at least for now.

The news giant was one of the first major media companies to attempt to launch a paid-content application in September of last year. At the time, CNN was looking to capitalize on consumers’ willingness to pay for various apps in Apple’s App Store. But most competitors, including FoxNews.com, MSNBC.com and Huffington Post, elected to launch free apps for the device.

Now, as CNN introduces its first app for the red-hot iPad—which is free and ad-supported—it is also dropping the $1.99

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