The Google Inc. owned company, You Tube, has recently reached a deal with Time Warner [SIDEBAR: Google reportedly purchased You Tube in 2006 for $1.7 billion.]The You Tube/Time Warner deal will allegedly allow the online video site to feature short video clips from the media conglomerate's television stations. You Tube has been negotiating similar licensing deals with music, movie, and tv stations over the past several months. The Wall Street Journal reports that You Tube has already struck deals with ESPN and ABC so far this year.
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