CBS confirms $1 TV shows on iTunes

Leslie Moonves, CEO of CBS, has confirmed an earlier report that Apple will soon be offering some TV shows for $1 through the iTunes Store. “There are certain shows that will be sold on Apple for 99 cents,” said Moonves. The Financial Times reports that the network has not yet decided which shows to offer at the lower price point, and that other television networks have agreed to similar terms and are expected to begin selling some shows at the reduced price to boost sales. A report from last week indicated that the new $1 offerings would be in standard definition, and may be launched alongside the iPad late next month.