America Online's news channel will now feature video and text news updates from CBS, the two companies announced on Wednesday.
Under the deal, content from CBSNews.com, including breaking news, will be integrated in AOL News, the companies said. CBS content will be featured on the main news page of AOL, with links to CBSNews.com for additional stories. The news will also be available on the .
Separately, the AP and Microsoft's MSN said they would jointly develop an online video network for Web sites that subscribe to the wire service. Subscribers to the video network will get MSN Video player, daily news video from AP and prestream advertising to run along with the video. Ad revenue will be shared with AP member Web sites, the companies said. The network currently has 3,500 newspaper and broadcast members in the U.S.
Under the deal's terms, MSN will provide technology and ad-supported service, while the AP will retain editorial control. The service is likely to be launched in the first quarter of 2006. Existing members of the AP network will not be charged an additional fee for the video feed, which will initially contain about 50 clips a day.
News channels such as ABC, CBS, Fox andfeature video excerpts on their Web sites, but they have refrained from putting live news bulletins online. Recently, , but not until it has been aired by stations in the Pacific time zone.
Portals, on the other hand, are trying to enrich their own news offerings by partnering with news companies.has signed up with CNN.com and ABC to expand its news coverage.
"Joining forces with AOL confirms CBSNews.com's commitment to provide high-quality, free broadband video to the online audience," Betsy Lake Morgan, general manager at CBS Digital Media, said in a statement.