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Schmidt Says YouTube "Nearing Profitability"
September 9, 2010, 4:09 pmIf Eric Schmidt's to be believed, YouTube might become profitable any time now; the CEO had only positive things to say about the site at a conference today. However, his admission that it's still operating in the red may come as a major disappointment to many supporters. The problem is that we've heard optimistic talk before. An abbreviated history: in July 2009, Google's CFO indicated profitability wasn't far off for YouTube. This March ,
