YouTube announced on Tuesday that it has purchased Internet television company Next New Networks to improve content for its video-sharing site.

Next New Networks, the new media company creating micro-television networks on the Internet, including Barely Political, Fast Lane Daily, ThreadBanger and Indy Mogul, announced today the appointment of Lance Podell as Chief Executive Officer overseeing day to day management of the growing company.

blinkx, the world's largest and most advanced video search engine, today announced a partnership with Next New Networks, the leading independent new media company that creates and produces online television networks for targeted communities.

Janome America, Inc., a leading manufacturer of home sewing machines, joins forces with Next New Networks and their hit online television network, ThreadBanger, the first network for people who create their own fashion, for an advertising partnership.

Next New Networks, the new media company creating original television programming on the Internet, announced a major partnership today with AOL Video (http://video.aol.com) to distribute Next New Networks' highly popular programming, which was viewed over 100 million times in 2007, and includes breakout hits like Barely Political, home of Obama Girl, Channel Frederator and its original series The Meth Minute 39, and leading automotive newscast, Fast Lane Daily.