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According to ChannelWeb, Apple is looking to do to the television business what it has done with the record industry – take it over!

Apple (NSDQ:AAPL) is pitching TV networks about a new service that delivers TV programs via its iTunes software and store across a wide range of hardware via a $30-per-month subscription service.

The networks are both intrigued by and wary of the new potential service, according to a Monday report in The Wall Street Journal’s All Things Digital blog.

Rather than tying such a service to its Apple TV box or a rumored table device, Apple would make the TV shows available for subscription via iTunes as early as next year, wrote Peter Kafka in the All Things Digital blog.

Read the rest of the article HERE.