As for an initial public offering, Hurley said, “If we have an opportunity to go public in the future that would be very exciting for us.”

He also brushed aside reports that the value of the company jumped to $1 billion from $600 million because of his appearance at the Allen & Co. confab.

YouTube CEO says IP would be exciting - CBS MarketWatch (Video)

I say revenue would be exciting too.

Over on KLTV 7 in Jacksonville Texas, the hot bed of Social Journalism:

“It’s a real joy to get to share my film with people who are excited about it,” says filmmaker Travis Boles of Fanboys Productions. The title of the film is Three in the Afternoon, and right now, it’s playing on YouTube.

Filmmaker Travis Boles has used Youtube to sucessfully build viral marketing around his short film. He does however lament that there is a real risk that the old media companies will sue YouTube out of existence.

Of more importance, the current conflict in the Middle East has taken to the YouTube with pace. Where as the highly filtered output of the Western Media adopts a similar view of the conflict, a whole new crop of filmmakers are attempting to provide their point of view. On Seattle Times:

He wrote on the Web site: “This video brings back haunting memories from the 82 israeli invasion of Beirut — I was then only 4 years old — But the lasting impact of these blasts has never left me. … For those lucky enough to have not experienced a war during their lifetime, it may appear to you that you understand all about it by watching CNN, BBC, or reading the papers. … This video is an attempt to give you a more realistic sense of how terrifying a war can be on innocent civilians. … and kids, just like me, 24 years ago.”

This can only help to bring different points of view to the conversation. The reason is because Video has a sense of immediacy to it as well as it is easier to consume for large audiences who don’t have to wade through sites like Steve Clemons The Washington Note, which is very good but very wonkish.

YouTube is the Social Networking site of the first decade of the twenty first century. It is turning out to be a valuable resource as an alternative to the filtered delivery on the mainstream media.

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