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YouTube rival coming? Of course!

A Reuters item quotes a Wall St. Journal article that says that CBS, Viacom, NBC and Fox are in talks to create a rival to YouTube. Google purchased YouTube last month for a little over $1.5 billion. (Actually, it was $1.65 billion, so, in this case, “a little over” equals only $150 million!)

The companies aim to cash in on the fast-growing market of Web video advertising and have also discussed building a Web video player that could play clips, the Journal said.