This deal (Lost Remote) shows that while Google is getting the YouTubian glory, Yahoo is still paying attention to things that, in the end, will also matter quite a bit. From the release:
CBS Television Stations, a division of CBS Corporation (NYSE:CBS) (NYSE:CBS.A), and Yahoo! Inc. (Nasdaq:YHOO) today announced an exclusive video syndication agreement in which local news video from 16 of CBS’s owned stations will be made available on Yahoo! to the Internet’s largest news audience. The relationship, which begins tomorrow, marks the first video agreement between a network-owned television station group and an Internet news provider. CBS and Yahoo will share revenue from advertising sold adjacent to CBS Stations’ content on the site.
Yahoo has moved a lot of chips to Local, and in time I expect that bet to payoff, at least in the marketplace – it remains to be seen if Yahoo wins the table.
(BTW, CBS also pushes feeds of its local videos into Google Maps. And that might be how we get our local news at some point. At some point….)