CBS at 87 Plunges Into Web-TV With Sony, 24-Hour News - Bloomberg: "CBS Corp. (CBS), the 87-year-old broadcaster, is embracing online television with the gusto of a tween.
Today, the company started a 24-hour online news channel, CBSN. Yesterday, Chief Executive Officer Leslie Moonves said he’ll supply Sony Corp. (6758) with programs for a Web-only TV service. And last month CBS All Access made its debut, offering the most-watched television network online for $5.99 a month.
With these moves, Moonves has leapfrogged his peers, going straight to consumers to make virtually all of CBS’s programs available on the Web at the same time as they are on TV. The company wants to deliver news and hit series like “NCIS” to the growing market of young people who watch video on phones and tablets, without undermining the $104 billion TV industry."
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Thursday, November 06, 2014
CBS at 87 Plunges Into Web-TV With Sony, 24-Hour News - Bloomberg
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