Behold: the “vast right wing left wing conspiracy” to control all digital media:

NEW YORK – Fox parent News Corp. and NBC Universal said Thursday they will launch a free online video site this summer, featuring full-length movies and television shows in a challenge to Google Inc.’s YouTube. (MSNBC.com is a joint venture of Microsoft and NBC Universal.) The move underscores how serious a threat YouTube has become to media companies, which fear losing a new generation of viewers that are as likely to be found in front of computers as television screens. Media giant Viacom Inc., parent of MTV and other properties, filed suit against Google last week, seeking more than $1 billion for unauthorized use of its videos on YouTube.