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...that people consume media, creating a new clip culture. By joining forces with Google, we can benefit from its global reach and technology leadership to deliver a more comprehensive entertainment experience for our users and to create new opportunities for our partners,? said Chad Hurley, CEO and Co-Founder of YouTube. ?I?m confident that with this partnership we?ll have the flexibility and resources needed to pursue our goal of building the next-generation platform for serving media worldwide...
...YouTube has long denied plans to sell out. Founder Chad Hurley told TIME in August: "We're not for sale. We're definitely looking to stay independent." Apparently $1.65 billion changed his mind. But today, after announcing the acquisition, Google CEO Eric Schmidt said YouTube would retain independence, maintaining its staff and keeping its name. "It makes perfect sense to continue YouTube as a brand and as a community and as a separate business operation of Google," Schmidt said. Hurley said he saw the deal as a way of remaining independent while taking advantage of Google's resources to accelerate...
This past week Fox News celebrated its 10th anniversary on the air. To mark the occasion, Rupert Murdoch--the 75-year-old Fox News founder, News Corp. chairman and CEO and one of the last of the media titans--spoke to TIME managing editor Richard Stengel about bias in the news, what MySpace means to the future of his business, and his most trusted sources of daily information...
OUTRAGE AT COLUMBIA over Wednesday's brawl at a speech by Jim Gilchrist, founder of the anti-immigration Minuteman Project. Students stormed the stage, prompting a melee with Gilchrist supporters and an abrupt end to the event. The Spectator had the late-breaking details yesterday, and follows today with the fallout, while national media outlets catch on to the story as well...
...Saturday, Fox News will celebrate its 10th anniversary on the air. To mark the occasion Rupert Murdoch - Fox News founder, NewsCorp managing director and last of the media titans - spoke to TIME Managing Editor Richard Stengel about bias in the news, what MySpace means to the future of his business and his most trusted sources of daily information...