CBS said to be developing online news network

CBS (NYSE: CBS) has been developing a 24-hour news network that would be distributed online to tablets, video game consoles, smartphones and streaming TV devices, according to a report in BuzzFeed citing unnamed sources.

The project is still in its early stages, according to a report in Variety. If the network materializes, it could include a mix of archived programming from CBS News's other properties as well as some original programming, the BuzzFeed report said.

It's unclear from the reports whether the network would ask subscribers to pay for access, as Netflix (Nasdaq: NFLX) does. Other options could include an ad-supported model like YouTube or a mix of ad and subscription revenue.

CBS spokespeople told Variety and BuzzFeed that new platforms offer "all kinds of exciting opportunities" and that the company intends to keep pursuing them.

For more:
- BuzzFeed had this report 
- Variety had this report

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BuzzFeed, CNN partner on YouTube venture 
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