Industry tracker eMarketer forecasts that YouTube will rake in about $5.6 billion from ads this year, pocketing nearly two billion of those dollars as profit. The Google-owned online video sharing venue should net $1.96 billion, after divvying YouTube ad revenue with partners and creators of content, in a 65.5 percent jump from what it netted in 2012, according to eMarketer. YouTube's expected 1.7 percent share of digital ad revenue worldwide will top those of Twitter, Amazon.com, LinkedIn, Pandora, AOL, and Millennial Media, the market-tracker said in a released forecast. The $1.08 billion in ad revenue YouTube will reap in the US alone will equal 6.3 percent of Google's total ad revenue here for the year in a 51.7 percent increase from 2012, according to eMarketer.
By Susan Cornwell and Susan Heavey WASHINGTON (Reuters) - U.S. House of Representatives Speaker John Boehner erupted in anger at conservative groups who oppose a rare bipartisan two-year budget deal on Thursday as lawmakers prepared to vote on the measure in the lower house. The Republican Boehner said external groups had "lost all credibility" and stepped "over the line" by urging lawmakers to oppose the bill, which would avoid showdowns for about two years and mitigate some of the automatic budget cuts known as the "sequester". Separately, a source close to Mitch McConnell, the Republican Minority Leader of the U.S. Senate, said he would vote against the measure if and when it arrives in the Senate next week. McConnell, who faces a challenge from a Tea Party conservative in his bid for re-election from Kentucky, opposes the deal because it would increase the spending level for government programs to about $1.012 trillion this year, up from $967 billion that had been previously scheduled.
WASHINGTON (AP) — The fired chief of staff for U.S. Sen. Lamar Alexander was expected Thursday in federal court after the aide's arrest on probable cause for possession and distribution of child pornography, authorities said.