Microsoft discussing Xbox LIVE television channel

Microsoft and former News Corp. President Peter Chernin have recently discussed creating a television channel available exclusively to Xbox LIVE users, if a recent Bloomberg report is to be believed.

The meeting was held on April 12, where Chernin pitched the idea and Microsoft suggested raising its Xbox LIVE monthly fee by $1 to $2 ($12 to $24 extra yearly) in order to add the service. The channel is said to be targeted at the young male audience, offering reruns and original shows.

Microsoft has yet to respond to the Chernin’s proposal. We’ll keep you updated.