-- Google Finance, Govt, Policy and Business Issues
---- Google CEO Defends YouTube Purchase
engine - 2:40 pm on Mar 7, 2007 (gmt 0)
Google Chairman and CEO Eric Schmidt said Tuesday that it will take time for the company's recently acquired YouTube online video-sharing service to become a major source of sales and profits for the company.
Speaking at an industry conference, Schmidt also said Google and YouTube are working with big media companies to resolve copyright issues regarding content owned by the media firms that's posted on YouTube without the media firm's consent.
Google chairman and CEO Eric Schmidt said the company's deal for YouTube is working well but that it will take time for the site to generate meaningful sales and profits.