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Oct 16 2006

Yahoo, CBS in local video news deal

  • Written by soulxtc
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Local news video from 16 CBS-owned television stations will be available on online portal Yahoo Inc., the companies said on Monday.

The companies will share revenue from advertising from the video clips. The deal was scheduled to begin Tuesday, the companies said.

The deal comes amid booming interest in watching video clips online and follows rival Google Inc.’s deal last week to buy popular online video service YouTube Inc. for $1.65 billion.

The stations owned by CBS Corp. will make about 10 to 20 breaking news clips and features from big markets such as New York, Los Angeles and Chicago available to Yahoo viewers.

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