The New York Post reports that Apple is closely following the situation with Time Warner; the company is facing pressure from investors to put itself up for sale and Apple is interested in acquiring it. Many investors believe Time Warner stock is trading far below its asset value and many investors believe that a buyout or spinoff of some kind is the best option.

Apple could use the company to accelerate its efforts to launch a digital streaming cable service for Apple TV. Time Warner controls a vast content library, including popular shows like Game of Thrones as well as entities like CNN News. More importantly perhaps, it has deals in place with every channel that Apple would need to become a full TV platform.

Cupertino, Calif.-based Apple has struggled to create a skinny bundle of programming from existing content partners. A deal with Time Warner would give Apple most of what it needs: CNN news, Turner Sports and such hugely popular shows as “Game of Thrones” and “Sesame Street” from HBO — not to mention Warner Bros. movies and TV shows.

Although there is a chance Apple could buyout the whole company, Time Warner may end up spinning off parts of the business, although the CEO is resistant.

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Apple’s talks with networks for its upcoming streaming TV cable service are well underway, according to the New York Post. The four main broadcast networks are involved: ABC, CBS, NBC and Fox. Apple’s 30% revenue share of the subscription fee remains a point of contention, but the report claims that negotiations are rapidly gaining momentum with Apple targeting a late fall launch of its new TV product.

Disney or CBS will apparently be the first companies to sign up with Apple and get the skinny TV package deal rolling. Apple wants to have channels like Disney’s ESPN and Discovery in the mix too. Apple is also interested in getting local live TV as part of the package, as has been previously reported. According to the report, Apple has worked out a way to speed up the process so it doesn’t have to negotiate with every local affiliate network across the country itself.

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Apple is ready to show the first fruits of its Beats acquisition next week. As we first reported in early March, Apple is planning to introduce its long-awaited Beats-based streaming music service at its Worldwide Developers Conference on Monday, June 8th. Blending Apple interface design and features from the Dr. Dre and Jimmy Iovine-created Beats Music app, Apple’s service, known internally as “Apple Music,” is built to take on Spotify and Pandora with several new features and a subscription model. Additionally, Apple is working on overhauling its widely panned iTunes Radio service by striking deals with popular artists and DJs. Below, we detail Apple’s plans for both Apple Music and the new iTunes Radio in an extensive roundup.

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Following a report yesterday claiming that Apple was being investigated by the Department of Justice over anti-competitive practices surrounding the launch of its rebranded Beats streaming music service, Bloomberg this evening now corroborates that report. Bloomberg says that the Federal Trade Commission is investigating whether Apple is using its large iTunes store to put rival streaming music services like Spotify at a disadvantage.

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HBO’s new standalone streaming service called HBO NOW has officially launched on Apple TV, iPhone, and iPad. HBO NOW allows subscribers to watch the premium network’s movies and TV shows online. The service is similar to Netflix as it’s delivered over a high-speed Internet connection rather than cable or satellite and doesn’t require long-term committments through contracts. Here’s how to get HBO NOW works: expand full story