The Week: City news - Google prioritises YouTube

The Google chief executive, Eric Schmidt, said this week that the company's top priority in 2008 is to generate money from YouTube, and has promised to unveil several YouTube products later this year.

Speaking on CNBC in the US, Schmidt said: "I don't think we've quite figured out the perfect solution of how to make money, and we're working on that. That's our highest priority this year."