ViacomCBS just announced new plans to do… something in streaming video. CNBC’s Alex Sherman explains how the newly merged TV company sees itself competing with Netflix, Apple and everyone else, and how that might actually work. Also: Who wants to spend billions and billions of dollars to buy NFL rights? The answer might surprise you.

Featuring: Alex Sherman (@sherman4949), CNBC Media & Tech reporter

Host: Peter Kafka (@pkafka), Senior Editor at Recode

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ViacomCBS gets into the streaming wars, too. Sort of.