Politics & Economics: Media Titans Again Discuss Site to Rival YouTube

Politics & Economics: Media Titans Again Discuss Site to Rival YouTube 1Four 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 companies, owners of most of the major 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. They also have discussed building a Web video player that could play video clips from across the Web. A deal to create a competitor remains far off, however.

Walt Disney Co., owner of ABC, isn’t participating in the talks, because it wants to rely on the strength of its own brands, according to a person close to the discussions. ABC and the networks participating in the talks already offer some of their programming on their own Web sites.

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