"NewTube:" MySpace Video Media Alliance Site Will Reach Nearly All US Internet Users

News Corp. Aligning with Other Media Giants to Make Own Rules, Publish Commercial Video Content on New Free Site
Provided By: Associated Content, Inc.

While Google's YouTube wrestles with media giants such as Viacom, which is suing it, and trying to build alliances with others, MySpace's media giant parent is cutting deals and helping it to leapfrog ahead, giving it connections that yield a potential audience of 96 percent of the US Internet market.

In a report in The Australian, a paper owned by the same parent company as MySpace, Rupert Murdoch's News Corporation, the alliances the site is forming with NBC Universal and others are being pitched as media companies "taking risks" to band together.