YouTube Announces Live TV Service

YouTube Chief Business Officer Robert Kyncl at YouTube TV announcement, photo by Jeff Kravitz/FilmMagic for YouTube

YouTube has announced a new alternative to cable or satellite television, CNBC reports. YouTube TV is a live and on-demand TV subscription service. The service will feature a DVR-style recording service with unlimited cloud storage. Subscriptions will cost $35 per month, and subscribers will have access to up to 40 networks and original content from YouTube Red. All four major networks will be included (ABC, CBS, FOX, and NBC) as well…