Back in January, YouTube announced that it was launching around 160 channels of fresh, original content, that it would invest in to help it compete with traditional cable and network programming. Less than a year on, it's axing over half of them.
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Source: http://feeds.gawker.com/~r/gizmodo/full/~3/Dz1hobmBBHI/youtube-axing-60-percent-of-its-original-content-channels
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