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Up the Youtubes

"Innovations such as YouTube are just one of many reasons why technology and time are making a nonsense of the current media rules."

- Senator Helen Coonan, addressing the conservative Millennium Forum, Sydney, 3.10.06

One week after the Minister for Information and Communication Technology cites Youtube as an example of contemporary media diversity, we are greeted this morning with the following news: Google To Acquire YouTube for $1.65 Billion in Stock.

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