Moonves: CBS Working on Digital News Network

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May 15 (Bloomberg) -- CBS Corp. President and CEO Les Moonves comments on CBS News' digital future. He speaks on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Rival to cable news.

You would go straight to digital.

Is that true?

We are not in the cable space.

There are too many players for us to start.

With all the content going digital, wouldn't it be a good idea to do a 24-hour digital channel?

Taking all the resources that cbs news has, and you were a part of it in the past, and there's so much information that we could get every day.

That does not fit into a 22 minute newscast.

Or cbs this morning.

We can do that and we can go direct digital.

That is in the early stages.

It is an exciting alternative to cable news.

How quickly could that be available?

We do not have a timetable.

We are discussing it with internet companies to see who wants to be our partner.

They know the brand of cbs news is very strong.

It is very important.

We do not have a cable news partner.

When you look at this

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