“Discovery Communications is seeking to sell half of its Discovery Times channel,” and the company has “pitched the idea of a joint-venture partnership to CBS, which lacks a general-interest basic cable channel, and remains in conversations with the network,” the Washington Post reports.
Could the network become a platform for CBS News programming? Currently, “without such a cable channel, CBS has no second opportunity to broadcast its news product and gain more ad revenue, in addition to a cut of cable subscription fees,” the story notes…
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