Feb 03, 2007 12:36:02 PM by
whalerider 
Not yet rated
http://www.redherring.com/Article.aspx?a=21046&hed=YouTimes%3f
"The New York Times, the gray lady of establishment journalism, plans to begin posting user-generated video in March, an executive said Wednesday.
Speaking in a panel discussion at the SIIA Information Industry Summit in New York City, Times executive Nicholas Ascheim said that developing video content is costly.
“The most expensive thing is the journalists themselves. That’s why user-generated content is interesting,” said Mr. Ascheim, director of entertainment for video and audio at New York Times Digital.
Another panel member, Cyrus Krohn, is director of content production at Yahoo Media Group. Yahoo commissioned a solo reporter, Kevin Sites, to report from global hot spots. But Mr. Krohn said the Internet company also is seeking to work out a “micropayment” system for compensating non-professionals for content submissions."