Google’s Schmidt thinks YouTube has crushed traditional TV

Google YouTube
Google chairman Eric Schmidt has declared that Internet video has crushed traditional television. In a meeting with advertisers on Wednesday, the former chief executive said that “the future is now” for YouTube. Google’s popular video sharing website recently passed a billion unique monthly visitors, however Schmidt’s eyes are focused on the future. He noted that once YouTube expands to more third world countries, the number of visitors will be much larger.

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