CBS has announced plans to launch a 24/7 live-streaming sports channel later this year, as the broadcast company works to better compete with digital rivals and a loss in subscriptions stemmed from cord cutters.
On a call Monday with analysts following the company’s quarterly earnings report, CBS Chief Executive Officer Leslie Moonves said the company plans to leverage the experience it gained developing CBSN, the over-the-top news channel it launched in 2014, to build the sports channel as part of its ongoing OTT strategy.
“We’re now in the early stages of replicating its success in the world of sports,” he said.