CBS Buys Stake in Video-Streaming Firm
CBS Corp. has taken a minority investment in Syncbak, a company that allows local-TV stations to stream programming to consumers over the Web, a move that comes as broadcasters are fighting unauthorized Internet distribution of their content.
Syncbak, founded in 2009 by Jack Perry, has created a technology to deliver broadcast-TV signals to tablets and smartphones. The service isn’t yet commercially available. It is being tested by more than 100 local-TV stations in 70 markets.