News Corp., NBC say plan new online video service


NEW YORK, March 22 (Reuters) - News Corp. and NBC Universal said on Thursday they will jointly launch an online video site, a move to directly compete with Google Inc.'s popular YouTube. The site will debut this summer, featuring full-length programming, movies and clips, and will include advertising from Cadbury Schweppes Plc , Cisco Systems Inc. and General Motors , among others.

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