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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
TechApple

This TV broadcaster may put its shows on Apple’s rumored cable killer

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Kia Kokalitcheva
Kia Kokalitcheva
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By
Kia Kokalitcheva
Kia Kokalitcheva
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May 27, 2015, 2:37 PM ET
Apple Launches Upgraded iPod
SAN FRANCISCO - SEPTEMBER 01: The new smaller version of Apple TV is displayed at an Apple Special Event at the Yerba Buena Center for the Arts September 1, 2010 in San Francisco, California. Apple CEO Steve Jobs announced upgraded versions of the entire iPod line, including an iPod Touch that includes a camera and smaller version of Apple TV. (Photo by Justin Sullivan/Getty Images)Photograph by Justin Sullivan — Getty Images

Television broadcaster CBS (CBS) will likely sign onto Apple’s rumored streaming TV service, giving viewers access to marquee shows like Big Bang Theory and NCIS.

Speaking on-stage at the Code tech conference near Los Angeles, CBS CEO Les Moonves said that his network will “probably” sign a deal with Apple to be part of the service. Apple (AAPL) is said to be preparing a streaming TV service that will bundle shows and channels that people normally get through cable providers.

“We’re very excited about it,” he said, adding that he met last week with Apple’s VP of Internet software and services, Eddy Cue. The conversations are still ongoing, however, and nothing’s set in stone yet.

While the service is still being developed and its release has reportedly been delayed, it could become a success. Television viewers are increasingly balking at shelling out big bucks for hundreds of channels — most of which they don’t watch — and that provide limited flexibility in how they can be viewed. Instead, many are turning to online video services like Hulu and HBO Go, which offer individual television shows on demand.

“Apple TV is trying to change the universe,” Moonves said. “I think the age of the 200 channel universe is slowly dying.”

“The good news for us, is any one of those groups will need CBS,” he said about the various competitors like Apple and Sling that are trying to create online television packages. Larger networks like CBS could benefit by getting a larger proportion of the revenue from these new services than they do from traditional cable television packages.

For more about Apple TV, watch this Fortune video:

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