Engineers working on the project have been informed the product will not launch in 2014, primarily due to content negotiations going on between Apple and Cable companies. The Information cites cable companies are 'dragging their heals' on incorporating content into the next-generation Apple TV.
Apple engineers who are working on aspects of the device have been told by their bosses not to expect a launch this year and are working off timelines that assume a launch next year, according to a person familiar with the plans. Apple employees have cited cable companies “dragging their heels” and the pending Comcast-Time Warner Cable merger as reasons the device and accompanying TV service haven’t launched.
On the other hand, sources in the cable industry blame Apple, and say the company has 'bit off more than it can chew.' Previous reports had indicated Apple plans to put itself between the cable companies and consumers.
In the meantime, Apple has been busy adding more channels and content to the current Apple TV, although most new channels do require a cable subscription.