I cant predict exactly what the TV channel of the future is, but we think more and more time spent on TV is going to be around web content and web video.
YouTube has proven it can flourish in a model where there is more autonomy, and in that way I think it is an example and a potential model for other areas of the business.
What we'd like to think of YouTube as is a part of Google with very overlapping goals and values. We're a fundamental part of the advertising business for Google.
We realized that YouTube is a rocket ship and that this is an incredibly big space. I started agitating for it. I was the most passionate voice for acquiring YouTube: 'The price tag seems really high, but it is going to be worth it.
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