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8:53
Will Apple kill cable?
Apple is trying to persuade networks to sign on to its plan to offer subscription TV service over the Internet. So far, CBS and Disney, which owns ABC, are reportedly showing interest. But other big shots like News Corp. and Turner Broadcasting aren't so hot on the idea. It's not yet clear how Apple’s new plan would work. The company would likely pay a premium to networks per subscriber and would then bundle top shows from cable and broadcast networks, call it the "best of television," and charge $30 a month. Apple hopes to introduce the service next year. How will this impact cable and satellite TV?
Apple is trying to persuade networks to sign on to its plan to offer subscription TV service over the Internet. So far, CBS and Disney, which owns ABC, are reportedly showing interest. But other big shots like News Corp. and Turner Broadcasting aren't so hot on the idea. It's not yet clear how Apple’s new plan would work. The company would likely pay a premium to networks per subscriber and would then bundle top shows from cable and broadcast networks, call it the "best of television," and charge $30 a month. Apple hopes to introduce the service next year. How will this impact cable and satellite TV?
Guest:
Sam Schechner, reporter, Wall Street Journal