Mexican Billionaire and the World’s Richest Man, Carlos Slim Helu is not satisfied as El Rey of telecom in Mexico he is now looking to tackle the internet television market.
He and former CNN host Larry King just announced they are teaming up to form a new internet television venture called Ora.Tv. The venture is also expecting to bring King back in front of the camera with a new daily talk format show.
The plan is for Ora.tv to be ad-supported and all content will be streamed onto computers, phones, iPads and internet TV’s.
Thus far Larry King is the only program announced but Ora.tv said several others are in development. The company is expected to be in operation later this year where it faces stiff competition from YouTube, Hulu and Netflix.