YouTube Buys Next New Networks in First Big Content Acquisition http://tinyurl.com/45zosv6 As well as beet.tv’s coverage, paidcontent.org and Silicon Alley Insider have coverage.
As I suggested over a year ago, Google are getting into the content business. As rumored two months ago, Google have purchased Next New Networks for an undisclosed sum. This makes sense as Next New was heavily dependent on YouTube for distribution.