U.S. cable, programmers set for Web TV by summer

 

Cable and satellite TV providers are working on a free online video service to deliver up-to-date cable shows to computers and mobile phones, but the industry is worried the project could cannibalize pay-TV's long-standing revenue model.

Millions of U.S. consumers are already watching broadcast TV shows on free websites such as Hulu.com, but cable network programing is available primarily on cable and satellite TV services, such as Comcast Corp and DirecTV Group Inc, or nascent video services from phone companies.

"This is about bringing new amounts of content to the Internet in a business model that continues to support the creation of that content," said Sam Schwartz, executive vice president of Comcast Interactive Media.

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