NEW YORK (CNN/Money) - CBS News -- apparently worried that TV news is on the way out and that high-speed Internet news is the way of the future -- Tuesday announced plans to expand its news presence online.

CBS News and CBS Digital Media said they will offer a revamped Web site that will offer over 25,000 video clips, including content that has not yet been broadcast on their television network.

"This major expansion of CBSNews.com is designed to capture an audience that is increasingly looking for news and information at all times of the day ... and using the Internet for that purpose," said Larry Kramer, President of CBS Digital Media, in a statement.

CBS cited a projection that homes with broadband access would equal or surpass homes with cable and satellite connections by 2010.

The new site will also feature a blog called Public Eye, which seeks to increase dialogue between CBS journalists and the public as well as make the news gathering process more transparent to viewers. The blog will be headed by Vaughn Ververs, a veteran reporter who most recently edited The Hotline, a daily Web briefing for the National Journal.

The blog appears to be in response to the blow CBS suffered to its credibility in 2004 when it used unauthenticated documents to comment on President Bush's military service record.

In other media news, Viacom chairman Sumner Redstone declared that the era of big media mergers is over -- read more here.