NBC sees Web video JV launch in September

New York, June 15: Media conglomerate NBC Universal said on Thursday it expects a new online video venture it is building with News Corp. to launch in September.

The two companies announced the venture in March, saying at that time it would begin operation in the summer of 2007.

The yet-to-be-named Web video outlet aims to compete for viewers with Google Inc.'s popular YouTube video sharing site and other online video outlets under construction by large media companies.

Reuters >