Poor video quality, the pointlessness of many clips, and the fact that the site isn't profitable have all kept YouTube from earning much respect. But a new contest called Project: Report may go a ways towards changing that.
The contest is being backed by Sony VAIO and Intel, so the prizes are sure to create some excitement. More important is YouTube's partnership with the Pulitzer Center, which lends quite a bit of authority to any matter and leads to Project: Report's journalistic focus.
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