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CBS 'excited' about Apple's rumored web television service, CEO says

Les Moonves, longtime chief executive of broadcasting giant CBS, said on Wednesday that his company will "probably" sign on to Apple's forthcoming streaming television offering.

During an appearance at Re/code's Code Conference, Moonves indicated that he has met with Apple software and services chief Eddy Cue about the new offering, and said that the two companies are engaged in an "ongoing conversation." There is no word as to the extent of those talks.

"We're very excited about it," Moonves said, referring to Apple's plans.

Apple is thought to be deep into the development of a new live streaming service that would bundle traditional television content for distribution over the internet. Recent reports have suggested that the company would like to include live local broadcasts as well, but is having difficulty securing the requisite content licenses.

Apple could announce the new service, alongside a potentially revamped Apple TV, as soon as next month's Worldwide Developers Conference. Apple CEO Tim Cook will take the stage on June 8 at 10 a.m. Pacific to kick off the annual event.