Google buys YouTube
Google announced yesterday that it will buy YouTube for $1.65 billion in shares. YouTube, the popular video sharing website launched in February 2005, attracts 72 million unique visitors each month. The two companies will continue to operate separately.
YouTube co-founders Chad Hurley and Steve Chen will retain their positions. Said Hurley of the deal: “By joining forces with Google, we can benefit from its global reach and technology leadership to deliver a more comprehensive entertainment experience for our users and to create new opportunities for our partners."
Eric Schmidt, Google chief executive, said the YouTube purchase would be one of many in the video sector. "The YouTube team has built an exciting and powerful media platform that complements Google's mission to organize the world's information and make it universally accessible and useful," said Schmidt.
The purchase comes on the heels of distribution deals for both Google and YouTube. YouTube signed with Universal Music and CBS while Google inked deals with Sony BMG and Warner Music. These deals will allow companies to protect their artists and grow with the Google/YouTube union.
Source: BBC News
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HYDERABAD BASED MUNSIF AND SIASAT URDU DAILY EDITORS GRAB WAQF LANDS
Urdu Media War and the Wakf properties tussle in Hyd ; MiM Leader Akbaruddin Owaisi
(Friday, Dec 09, 2005 - 09:00 pm) TeamMedia war among Urdu dailies was taken to Assembly in Hyderabad, when MIM floor leader Akbaruddin Owaisi accused Siasat and Munsif Urdu daily owners of grabbing Wakf properties and demanded stern action against them.Mr Owaisi armed with statistics and details of all Waqf Lands which are being encroached upon said govt is going soft on these editors as they are trying to threaten the govt through there newspapers .In the same breath he also alleged that no action was taken against grabbers of Wakf properties in city and outside including Viceroy Hotel, Shaam and Sensation theatres, local reports inform. Turning his ire on owners of rival Urdu dailies, Siasat and Musif, he said, "Mr Zahid Ali Khan has illegally encroached Wakf property. He is a white collar land grabber. Why is the government keeping quite? You should put them behind bars." Shifting his heat on another Urdu daily Munsif owner, he remarked, "Mr Khan Lateef Khan...the double Khan.. too has encroached Wakf properties housing Santosh and Sapna theatres, yet no action has been taken. The government should take stringent action against encroachers of Wakf properties," he alleged. Reacting to Mr Owaisi's demand, minister for minorities welfare Mohd Fareeduddin assured that the government would enquire into the matter and would not "spare anyone however big he might be." Referring to allotment of land to one Tajuddin, he said the land was given on a lease for three years for agricultural purposes and the renewal would depend on the government He also accused them of trying to cover there illegal grabbing of land by bribing some high officals in the govt .
posted by HyderabadLive at 5:30 AM
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