Google in bid to halt YouTube legal threat

By Joshua Chaffin and Aline van Duyn in New York and Richard Waters in San Francisco

Last updated: November 2 2006 20:27 | FT.com

Google is engaged in a frantic round of negotiations aimed at persuading traditional media companies to supply their content to YouTube, the video website it bought last month for $1.65bn, and ward off a potentially crippling round of lawsuits.

Chief executive Eric Schmidt and other managers have met CBS, Viacom, Time Warner, NBC Universal, News Corp and others, say people familiar with the talks, offering tens of millions of dollars in upfront payments for the right to broadcast their video content legally on YouTube.

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