October 16, 2006 11:25 AM PDT
Yahoo to carry local CBS news footage
CBS Television Stations, a division of CBS, announced a syndication agreement with Yahoo on Monday that will make local news clips available on the Web company's news section. The two companies will share ad revenue generated from advertising placed next to the video content on Yahoo's site.
Yahoo News users can expect to see 10 to 20 news videos a day, according to a statement from Yahoo. The clips will include feature pieces, as well as breaking news footage. Visitors will be able to search for local video using ZIP codes.
The news videos will come from 16 CBS-owned local stations, according to a statement from Jonathan Leess, president of CBS Television Stations Digital Media Group. Those stations include San Francisco, Los Angeles, Chicago, New York and Miami, among others. He said that figuring out ways to "monetize," or make money from, news content is one of CBS Television Stations' core goals.
Video has been available on various news sites--for example, that belonging to the Associated Press--for some time. Yahoo Video has been offering sharing and search of clips. But the company is facing increased competition, particularly in the wake of Google's $1.65 billion deal for YouTube last week.