NewTeeVee reports the NBC Universal, Fox video distribution service, still unnamed, is trying to raise $100 million from venture capitalists. The joint venture is looking for a $1 billion valuation, rich but far less than the $1.65 billion paid by Google for YouTube. Yet "NewCo," as it has been dubbed, does not yet exist, even though the companies announced it tk months ago - an eternity in the fast-moving digital space, as NewTeeVee points out. More ...
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