Google says YouTube on track for first profit

YouTube is finally on track to turn its first profit for parent Google, thanks mostly to two forms of online advertising that the popular online video site once largely scorned, according to executives at the internet search group.The turnround in YouTube’s fortunes has become apparent in recent weeks, in spite of continued weakness in the broader online advertising market that depressed Google’s latest quarterly earnings, they added.
http://www.ft.com/cms/s/0/b4d81bde-72f8-11de-ad98-00144feabdc0.html

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