CNN is launching a standalone user-generated website, akin to YouTube. The look and feel of the website, as well as sharing capability will be similar to YouTube In August 2006, CNN launched an iReport initiative, and received close to 10,000 news-related photos and videos, Mediaweek reports. CNN used the UGV to cover last April's shooting on Virginia Tech campus. The site will be market regulated, with community of user deciding what is news. Last month CNN paid $750,000 to acquire the domain.
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