Hearst-Argyle, YouTube to Share Revenue From TV Video Clips

Hearst-Argyle Television Inc., one of the nation's largest operators of local TV stations, will distribute news, weather and entertainment video to Google Inc.'s YouTube in a revenue-sharing agreement.

The deal marks the first time TV stations will get paid when people view their content on the video-sharing site. Hearst will receive an undisclosed portion of the revenue generated from advertising sold against the video clips it makes available to YouTube.

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