In less than two years, YouTube has grown from a Silicon Valley start-up to the most popular online video-sharing site that boasts more than 100 million daily views. It was acquired by Google in November for $1.65 billion. This intrigued News Corp.'s Fox, Viacom, CBS and NBC Universal. The four media companies are in talks about creating a video Web site to compete with Google's YouTube. While a deal is still far off, the four media companies envision a jointly owned site that would be the primary Web source for videos from their television networks.
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