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Local news video from 16 CBS-owned television stations will be available on online portal Yahoo Inc, the companies said on October 16. The companies will share revenue from advertising from the video clips. The deal was scheduled to begin Tuesday, the companies said.
The deal comes amid booming interest in watching video clips online and follows rival Google Inc's deal last week to buy popular online video service YouTube Inc for $1.65 billion.

Copyright Reuters, 2006

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