CBS-Apple hookup is likely, Moonves says

CBS’s discussions with Apple over TV programming will probably lead to a deal, CEO Les Moonves (pictured) said last week.

“Apple is having conversations with everyone about doing their own streaming services,” Moonves said.

“We have had those conversations, as have the other networks. Do I think something will happen? Probably, but I do not know when,” Moonves added.

CBS is having similar discussions with other companies, including Facebook and Netflix, about rights to stream TV shows and live broadcasts over the Web, he said.

Apple delayed the start of its planned live online TV service until next year after gaining little progress on program licensing discussions with media companies.

CBS, with a lineup of popular shows like NFL games, “The Big Bang Theory” and “Criminal Minds,” is one of the key elements of a live subscription service that Apple hopes to use to revo lutionize TV viewing.

Media stocks, including CBS, tumbled earlier this year on concern that subscriber fees and advertising sales are at risk as the payTV industry loses viewers.

More “skinny bundle” subscription alternatives are coming to the market, offering consumers fewer channels at a lower price, and putting pressure on programmers that have relied on traditional cable or satellite packages.

Dish Network’s Sling TV offers a bundle for $20 a month, and Verizon Communications’ FiOS Custom has packages starting at $55 that exclude large groups of channels.

Traditional cable had already been under pressure from videostreaming services like Hulu and Amazon.com’s Prime.

The skinny bundle has added uncertainty in the market, Moonves admitted.

But he added that CBS shows are popular and will fare well as new distribution models evolve.