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NEW YORK (AP) - In Big Media's latest attempt to combat Google Inc.'s YouTube, NBC Universal and News Corp. are banding together with AOL, MSN and Yahoo Inc. to form an ad-supported online video network for full-length TV shows, video clips and movies.
The new venture, which has yet to be named, is expected to launch this summer and would allow people to watch many shows online for free, including "Heroes" from NBC and "24" from Fox, which is owned by News Corp.
As YouTube does, the site would also allow users to upload their own videos and share the site's videos elsewhere, NBC and News Corp. executives told reporters on a conference call. The network would also be open to distributing programs from other media companies, they said.
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