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UPDATED with Sinclair announcement: YouTube TV, the OTT platform owned by Google, has inked a deal with Sinclair Broadcast Group and will drop YES Network, Prime Ticket and Fox Sports West from its lineup but renew carriage of 19 other regional sports networks owned by the broadcaster. Sinclair said Wednesday that the…

Investors punished shares of Google Tuesday after parent Alphabet came in light on revenue in its latest earnings – and even as Wall Street and media watchers lapped up welcome details on YouTube which had never been previously released. Google revealed that YouTube ad revenue rose 31% in the fourth quarter to $4.7…

UPDATED with CEO comments from earnings call Sundar Pichai, CEO of Google parent company Alphabet, said the advertising model for YouTube is changing an growing. Direct response is becoming increasingly popular with consumers and advertisers, he said, allowing for improved monetization of the social video…