YouTube Halts Funding for WSJ and Reuters Channels; Reuters Cuts Positions
Posted: 1/21/2013  |  By: Hamish McKenzie | Pando daily
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.