CBS, YouTube Deal Stalls Out
YouTube's deals with the traditional media companies continued to unravel, with The Wall Street Journal saying Wednesday that CBS is the latest casualty. At issue were disagreements on the language of the deal. Sources told the paper that Google and CBS would work on smaller partnerships instead, leaving the door open to restarting talks in the future.
The loss of CBS' content follows Viacom, which abruptly pulled its videos off YouTube earlier this month. Companies including Viacom have also considered developing a YouTube competitor on their own, however talks there have not gone anywhere. Neither CBS nor YouTube had any comment.
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