Google's purchase of YouTube has compelled four of the top media companies, including News Corp.'s Fox, Viacom, CBS Corp., and GE's NBC Universal, to begin talks of creating a collaborative video Web site to rival the video dynamo's success and create a viable Web advertising profit stream.
According to a report in The Wall Street Journal, the discussions also extended to creating a Web video player that would be capable of playing video clips from anywhere on the Web.
All of ...