In a Word

In this post on his NewTeeVee site, Om Malik said organizers of the still-in-the-planning-stages joint venture between NBC Universal and News Corp. are making the rounds, trying to raise $100 million for the online video service designed to counter the growing power of YouTube.

That puts the valuation of the still-unnamed project at $1 billion.

Is it worth that much?

Hmm. Let me think. Hmm.

No.