NBC and News Corp could announce as early as today a partnership geared at launching an online video site to rival YouTube. The site would feature clips from programming on both networks, allowing users to modify and share them in socially relevant ways.

Fox Interactive Media now has the tools in place to start relying less on third-party ad placement systems and more on what they can sell based on the data they have, like all of those MySpace profiles just hanging around the social networking site.

Google executives Eric Schmidt and Tim Armstrong are set to meet this week with News Corp chairman Rupert Murdoch on the heels of the $1.65 billion sale of YouTube to the search engine giant.

News Corp. and VeriSign announced this week their plans to form the world’s largest provider of mobile entertainment. News Corp. will pay approximately $188 million for a controlling interest in VeriSign’s wholly-owned Jamba subsidiary and will combine it with Fox Mobile Entertainment assets.

It isn’t just for promoting films anymore; News Corp and Fox Interactive Media plan to offer movie downloads on its websites like MySpace and IGN.

MySpace has lots of rules for its members. There’s no nudity allowed. Nor does the site tolerate copyright and trademark infringement or deceptive advertising. And for a minute there, it appeared MySpace members were also not allowed to make fun of Senator Ted Stevens.

Seeking to allay concerned parents and skittish advertisers, MySpace parent News Corp has joined with The National Center for Missing & Exploited Children (NCMEC) and the Advertising Council to distribute public service ads about online safety.