Yahoo CEO Calls for U.K. Programs for Internet TV

Authored by Mark Hefflinger on September 20, 2005 - 9:06am.

London -- Yahoo CEO Terry Semel announced that he is planning to develop an international Internet TV network and invited U.K. broadcasters to provide programs that his company could distribute. Speaking at the Royal Television Society's Cambridge Convention, Semel said he wanted work with U.K. broadcasters to unlock their archives as part of a strategy to be "not a product company," but a "major distribution platform." Semel also urged independent producers to think of Yahoo as an outlet for new programming. "I don't think that Yahoo or any other Internet company should try to become a television network," Semel said. "We will be nowhere if we have to create our own content." Yahoo said it expects to have more than 200 million active users by year's end using services such as mail or Web hosting.
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