Four major media companies, including News Corp.’s Fox, Viacom Inc., CBS Corp. and General Electric Co.’s NBC Universal, are in talks about creating a video Web site to compete with Google Inc.’s YouTube, according to people close to the situation….The talks are driven by media companies’ belief that the fast-growing YouTube has built a huge business off their video content. Although many of the videos on YouTube are homemade videos uploaded by users, some of its most popular clips are pirated copies of television shows. YouTube was acquired by Google for nearly $1.8 billion in stock last month.
Read Media Titans Again Discuss Site to Rival YouTube from the Wall Street Journal. Commentary from Ars and C|Net. Previously from WNM: Television’s obsoletion or television’s evolution?