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(Continued)     The RFS Newsletter, Jun. 3, 2006. Page 8
In developments on Thursday, Yahoo said it will reprogram its Internet video service and will make it look more like YouTube.com, an online novelty that has gained a somewhat large audience in 2005. YouTube.com is a free online service that encourages users to upload and share homemade video mini movies. Under the changes unveiled Thursday, Yahoo will store homemade videos on its own site for the first time as it attempts to build a platform for people to browse and rate the clips. The videos will be separated into different categories, including a section devoted to the most-watched selections.

Those features mirror YouTube, which has become the Web's most popular video channel since a pair of twentysomething technology whizzes started the San Mateo, Calif.-based company a year ago. Now, Internet heavyweights like Sunnyvale, Calif.-based Yahoo are trying to chip away at YouTube's early lead as the rapidly growing number of high-speed Internet connections make it easier to transfer and watch online videos.

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