FOX Buys YouTube!

Posted by: Beasley J. | September 12th, 2006
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Beasley J. Lichtenstein

Its been confirmed through our spy that Rupert Murdoch has indeed confirmed the long speculation that he would buy internet video giant, YouTube. The purchase price has not been confirmed but our source says its way into the 10 figure region. Uhm, yeah…I think thats pretty obvious.

So here’s where the agrument comes in. What does NBC do with all that exclusive content? Do they pull or try and get the same deal? What about the other TV stations?

Does this mean the downfall of YouTube and an influx of advertisers just like Myspace? What’s next?

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