CBS Mobile releases its new TV.com app for iPhone, offering free streaming video content from CBS,  CBS-owned CNET as well as some other places  including Today on CNET, the Buzz Report, and Loaded.

The MacWorld wrote:

The App Store description says that the TV.com app works on EDGE, 3G, and Wi-Fi. A quick test of a few clips using a Wi-Fi connection showed acceptable but not stellar quality, and wide-screen clips appeared with black bars all around them. The app also seems a bit unstable and unpolished—Cnet videos showed wildly inaccurate run times of as long as 23 hours—but with a little work (and perhaps some duct tape and a ballpoint pen) it looks promising.

The app uses the iPhone’s Quick Time Player to enable users to watch streaming video that’s available in H.264 format, since the iPhone doesn’t support Adobe Flash.

Yeah, CBS is not alone in this field. The company is competing with other industry giants, including Viacom. NBC, Fox and other TV studios use Joost and Hulu to offer their shows online.

[via MacWorld]