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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Big media groups seek to create YouTube rival

Four major media companies - News Corp's Fox, Viacom, CBS and NBC Universal - are in talks about creating a video website to compete with Google's YouTube. The companies, owners of most of the US TV networks, envision a jointly owned site that would be the primary web source for video content from their networks, allowing them to cash in on fast-growing web video advertising. But a deal appears to remain far off. (Via Wall Street Journal)

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