The Telegraph is reporting that Channel 4 and YouTube have formed a partnership where full length Channel 4 shows will be hosted on the Google-owned site.

As the furore about free content and advertising revenues rumbles on, the two companies appear to have settled upon a deal that is beneficial for both content provider and content host. It will be very interesting to see how this pans out as it is the first significant UK deal between a television channel and YouTube.

The deal will allow Channel 4 to sell the advertising space around its content. If successful, this could form the blueprint for similar future deals.

According to the latest data from Hitwise, Facebook now makes up 14.5% of all UK internet page views. You can see the latest figures here:

This is interesting as it shows that Social Networking is still in the ascendency; the figure is up 85% on this time last year. It may also go some way to explaining why Britain is in it’s current financial condition. If everyone is on Facebook, who is doing the work?