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Viacom announces $1 billion suit against YouTube

Viacom announced it was suing Google-owned YouTube for more than $1 billion, alleging massive copyright infringement. Viacom alleges that almost 160,000 clips from Viacom properties have appeared on YouTube and have collectively garnered more than 1.5 billion views. Bloomberg1/ClipSyndicate (03/13), CNNMoney.com/Reuters (03/13)