Snippet: No CBS Streaming Deal Due to Revenue Streams ☇

Shared on March 12, 2012

On the one hand, I can’t blame CBS CEO Les Moonves for playing it safe (maybe a lower-rated network should’ve been approached?), but on the other hand, it seems CBS is the most afraid of new technology (their streaming app is still iPhone-only):

Moonves told a conference audience that he met with Jobs, the late Apple CEO, and heard a pitch for what was billed as a subscription content service, but ultimately he said he wasn’t interested in providing CBS shows or films to the venture.

“I told Steve, ‘You know more than me about 99 percent of things but I know more about the television business,'” Moonves said, citing his concerns about providing content to a service that could disrupt CBS’ existing revenue streams. Moonves said Jobs, in characteristic fashion, strongly disagreed with his assessment.

Snippets are posts that share a linked item with a bit of commentary.