Originally published July 31 2005
Internet news service will feature 24-hour news on demand
by Mike Adams, the Health Ranger, NaturalNews Editor
CBS is one of the forerunners of new technology that allows users to pick and choose the news they want to hear. While CBS is leading the way for this new technology to take full effect, ABC, ESPN, CBS, Fox News, MTV and the BBC aren't far behind.
CBS News sat on the sidelines during the cable TV revolution, allowing rivals led by CNN, Fox and NBC to dominate the world of 24-hour news.
But determined not to make that mistake twice, CBS plans to launch a 24-hour, Internet-based video news service that will let visitors pick reports they want to watch.
Virtually every major media company is recognizing that as people begin to feed Internet signals to TV sets as well as computers, millions may want to pick news, entertainment and sports they want to see off the Web rather than from packages of conventional TV channels offered by a cable, satellite, or phone company.
"I have talked about this with multiple network presidents and multiple of their big-time producers.
� AOL, which recently served live video from Live 8 concerts, will partner in a joint venture announced Tuesday to offer live music and comedy online, as well as via satellite and other platforms.
� CNN ditched its nearly $5-a-month subscription fee to rely on ad support for a site with beefed-up programming.
"There's going to be television out the wazoo," CNN/US president Jonathan Klein says.
By 2009 broadband still will be far more prevalent than such other growing technologies as digital video recorders, video on demand and high-definition TV.
"We don't see any sign that it will be a threat to our core cable business."
That's not all, as Major League Baseball found after it launched a subscription service offering non-local games online.
ABC News Now won't say how many people pay about $5 a month, or $40 a year, for its live reports and archived features.
The big question is when the new medium will be secure and profitable enough that mainstream programmers offer their best movies and shows online.
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