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Time Warner Says YouTube Wont Change Media Industry

      MORE Indie Invaders / POSTED BY: KINGSOFAR

Time Warner Inc. CEO Richard Parsons said YouTube won’t fundamentally change the business model of the media industry, Handelsblatt reported.

YouTube shouldn’t be “overrated” as the technology of the video sharing Web site “is not unique,” Parsons was quoted as saying by the German newspaper. YouTube is “not the future of television,” he told Handelsblatt.

October 13, 2006
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