by Kara Swisher
Posted on June 28, 2007 at 12:01 AM PT
In this post on his NewTeeVee site, Om Malik said organizers of the still-in-the-planning-stages joint venture between NBC Universal and News Corp. are making the rounds, trying to raise $100 million for the online video service designed to counter the growing power of YouTube.
That puts the valuation of the still-unnamed project at $1 billion.
Is it worth that much?
Hmm. Let me think. Hmm.
No.
Kara Swisher started covering digital issues for The Wall Street Journal's San Francisco bureau in 1997 and also wrote the BoomTown column about the sector. With Walt Mossberg, she co-produces and co-hosts D: All Things Digital, a major high-tech and media conference. Read more »
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