NBC sees Web video joint venture launch in Sept.

NEW YORK Thu Jun 14, 2007 4:17pm EDT

A large sign of NBC Universal hangs on a building at the NBC studios in Burbank, California on May 19, 2004. Media conglomerate NBC Universal said on Thursday it expects a new online video venture it is building with News Corp.to launch in September. REUTERS/Fred Prouser

A large sign of NBC Universal hangs on a building at the NBC studios in Burbank, California on May 19, 2004. Media conglomerate NBC Universal said on Thursday it expects a new online video venture it is building with News Corp.to launch in September.

Credit: Reuters/Fred Prouser

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NEW YORK (Reuters) - Media conglomerate NBC Universal said on Thursday it expects a new online video venture it is building with News Corp. to launch in September.

The two companies announced the venture in March, saying at that time it would begin operation in the summer of 2007.

The yet-to-be-named Web video outlet aims to compete for viewers with Google Inc.'s popular YouTube video sharing site and other online video outlets under construction by large media companies.

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