"News Corp. chief operating officer Peter Chernin told investors at an industry conference Tuesday that the media giant was considering creating a video component to its MySpace social-networking Web site that could rival the wildly popular YouTube.
At the Merrill Lynch Media & Entertainment Conference in Pasadena, Calif., Tuesday, Chernin said that because most of YouTube’s traffic starts at MySpace, it may be time for the No. 1 social networking site to cut out the middle man."
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