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Alphabet (GOOGL) Stock Up, TV Service Will Include CBS Content

NEW YORK (TheStreet) -- Shares of Alphabet (GOOGL) were up in late-afternoon trading on Wednesday as its Google unit's web TV service will carry all of CBS's (CBS) content including NFL games, sources told the Wall Street Journal.

The service, which will operate through Google's YouTube, is also in late-stage discussions to distribute channels owned by 21st Century Fox (FOX) and Walt Disney Co. (DIS), according to the Journal.

The streaming service, called Unplugged, is expected to launch early next year.

A "skinny" bundle...