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Also -- not paying for "incidental" news makes sense -- you don't want to turn this into a profession (that already exists) -- the idea is that news happens to people with camera's not people who are trying to find news to sell.
Overall, I give this 9/10 for old media embracing user-generated content - their challenge is going to be branding something that's only useful to you once in a lifetime (when news happens to you) - but they may overcome that by showcasing the best videos submitted - making the site a destination of sorts.
Only the huge CNET headline over on Techmeme that reads "CNN snatching page out of YouTube's book". Plus the multiple blog entries that followed up with the same reference. It may be lazy headline writing, but it ain't just me.
PS. My 2c on these YouTube clones: What they (collectively) don't seem to get is that the really impressive part of YouTube is not (even) the video producers, but the distribution channel and audience that little talking window has amassed. Start there, then get fancy with producer rev-share etc.
Pete, did you check out the review from Om on Time Warner and video? I have been involved with these folks on a number of levels and am also surprised at the multiple plays that they have going on. Would love to know your thoughts on the future of video. Cheers.
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