Apple suspends effort to develop online TV service: Bloomberg

Apple Inc has suspended plans to offer a live Internet-based television service and is instead focusing on being a platform for media companies to sell directly to customers through its App Store, Bloomberg reported on Tuesday.
Apple’s plan to sell a package of about 14 channels for $30 to $40 a month has run into resistance from media companies that want more money for their programming, Bloomberg reported, citing a person with knowledge of the matter. (http://bloom.bg/1OSozYs)
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