Carlos Slim gets behind OTT network

Billionaire is said to have already signed up Larry King.
Larry King will be returning to TV screens around the world via Slim's new OTT network.
Larry King will be returning to TV screens around the world via Slim's new OTT network.

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The world’s richest man, Carlos Slim, is investing heavily into a new web-based TV service. The billionaire is said to have already signed up veteran CNN host Larry King.

Slim’s new venture is known as Ora-TV and, when it launches, will run a series of shows, one of which will feature King as the host. The Mexican business magnate is reportedly looking at the news services as a means to by-pass conventional broadcast TV and to provide an on-demand streaming system for mobile devices such as smartphones, tablets and connected TVs.

Larry King has said that his new show will resemble his former, hour-long CNN show, and that he was getting back behind a desk because he was restless and missed covering big stories.

Heading up the service is John Housman, who until recently was president of digital journalism at News Corp. Carlos Slim is using his America Movil telecoms network to fund the venture.

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