This is great news for internet news junkies like me. Especially with where I live providing free internet access and not being able to afford cable right now...
NEW YORK (AFP) - CBS News announced plans to create a 24-hour on-demand Internet network that bypasses cable television and could transform one of the oldest US broadcast news operations.
The move would transform CBS News into a "multiplatform" operation available to Internet users worldwide, with news and other features available on demand.
"This represents a significant shift for CBS News," said CBS News president Andrew Heyward.
"We are redefining the mission of CBS News and the people who work here to meet the demands of a 24-hour digital universe."
The company said it would make a "significant investment" in CBS News and its CBSNews.com website as part of the strategy.
Plans for the on-demand broadband network call for a blog called "Public Eye" that will offer "greater openness and transparency into the newsgathering process" and "The Eye Box," a video player featured on the CBSNews.com homepage that will make available more than 25,000 clips and video yet to be seen on the television network, CBS said.
CBS News also plans to find ways to utilize its global personnel and newsgathering resources to "provide exclusive, original reporting and commentary around the clock."
"We've got the resources to make this work. We're adding more people and technology to make sure that CBSNews.com is the immediate first choice of Internet users who are looking for independent, trustworthy news reporting and comment," said Andrew Heyward, president of CBS News.
The move comes as CBS and other broadcast news networks have lost ground to cable news operations, like the 24-hour news channels CNN and Fox News.
It also comes amid a push to bring Internet protocol television (IPTV) as an alternative to cable and satellite television. US firms including SBC Communications and Verizon plan to roll out the first pilot programs of IPTV later this year. Some surveys indicate IPTV will be available in 15 million homes worldwide by 2007.
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