YouTube Ends 'WSJ,' Reuters Funding
YouTube cut funding to The Wall Street Journal and Reuters, Pando Daily reported. The alliance was part of its $150 million plan to help launch more than 100 premium channels. The termination of the one-year deals has resulted in contractors losing their positions at Reuters. The irony is that the Google-owned company has reported it will double down on its investment in original channels. In January 2012, Reuters heralded the deal by launching Reuters TV, a YouTube channel featuring 10 news, commentary, and analysis programs. The staffers' last day was Jan. 18.