Old Model Versus a Speedster

There a lots of stories in the press and on blogs now about major video content companies banding together to launch a YouTube competitor.  Richard Siklos and Bill Carter have one of them, writing:

... Now, a handful of giant media companies, like NBC Universal, the News Corporation, Viacom and possibly CBS, are close to announcing a new Web site that will feature some of their best-known television programming and other clips in an attempt to build a business for distributing video on the Internet to rival YouTube. The new business could be announced as soon as this week. ...

Link:  New York Times.

But also see, Network Fogies Getting Into YouTube-Like Racket.  Link:  Gizmodo.  --Dennis