Old Media Companies Plot to Compete with YouTube YouTube is phenomenon on the web right now. But a group of major media companies may soon launch a competing video site. Fox, Viacom, CBS and NBC have been meeting on the subject since the beginning of the year, according to the Wall Street Journal.
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Old Media Companies Plot to Compete with YouTube

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Old Media Companies Plot to Compete with YouTube

Old Media Companies Plot to Compete with YouTube

Old Media Companies Plot to Compete with YouTube

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  • <iframe src="https://www.npr.org/player/embed/6607678/6607679" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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YouTube is phenomenon on the web right now. But a group of major media companies may soon launch a competing video site. Fox, Viacom, CBS and NBC have been meeting on the subject since the beginning of the year, according to the Wall Street Journal.

STEVE INSKEEP, host:

On Mondays we focus on technology, and today a possible rival to YouTube. Four major media corporations are reported to be talking about joining forces to create a video site to compete with the top video-sharing Web site, YouTube. Fox, Viacom, CBS and NBC have been meeting on the subject since the beginning of the year, according to the Wall Street Journal.

Google purchased YouTube this fall for more than $1.6 billion in stock.

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