NBC Universal and Newscorp are teaming up to offer their content on their own video website. They'll be offering full length programs, paid for by advertising, just like broadcast. They've invited other networks to join them as well. Since Viacom is already suing YouTube for a billion dollars over showing their copyrighted material, it looks like YouTube might get left with only clips of cats and people who fell down in an amusing way if they're not careful.
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