UPDATED 14:41 PM EST, November 12, 2012
NEW YORK (AP) — When Google announced its plans to fund some 100 new channels of original programming on YouTube, many expected a transformation in television.
Google had disrupted other industries and TV appeared to be next in line. The YouTube channels were trumpeted as the next iteration in television: Just as a handful of networks begat a few hundred cable channels, YouTube would now foster the birth of thousands of channels online.
The revolution has not yet been YouTubed.
