NBCUniversal is working on what its top news executive called a “mobile-first” news outlet that it expects to launch in the fourth quarter of this year.

Cesar Conde, chairman of NBCUniversal's news operations, announced the news at an event organized by Semafor on Thursday. The upcoming service may reportedly serve up short-form video from NBC News anchors and correspondents.

NBC News joins CNN in developing a subscription video offering that targets younger consumers. In January, CNN chief Mark Thompson revealed plans to launch a new streaming service, saying in a memo that it would be “a new way for digital subscribers at home and abroad to stream news programming from us on any device they choose.”

NBCU is developing what is being described as a subscription “mobile first” news platform in the fourth quarter of this year. Cesar Conde, chairman of the NBCUniversal News Group, talked briefly of the plans at a Semafor conference,