Apple has apparently been shopping iTunes as a TV service to television network executives according to a report from allthingsdigital.com..
No word on whether any networks have actually signed on to the idea yet, however it appears that the service would be subscription based, cost about $30 per month and put Apple in direct competition with cable and satellite companies.
On the plus side this would be a great boost for the highly under-rated Apple TV platform as a distribution platform for on demand programming, hopefully without the high $$ associated with buying content currently available.
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Microsoft confirmed today that the company has eliminated an additional 800 positions. The company is closing in on their originally announced projection of 5000 job cuts announced last January.