January 20, 2013

Youtube Cuts Funding for News Channels

Hamish McKenzie, Pando Daily

AP Photo

YouTube has cut off funding to the Wall Street Journal and Reuters that formed part of its $150 million dollar plan to help launch more than 100 premium channels. The termination of the one-year deals, which has resulted in contractors losing their positions at Reuters, comes even as the Google-owned company has said it would double down on its investment in original channels.

PandoDaily has learned that at least 15 editorial and production contractors at Reuters who have been working on the...

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