Time Warner announced today that it had reached a deal with Google’s YouTube site to start showing clips of some of its popular television shows and movies.

Google has been under increasing pressure as of late to turn a profit from the video sharing site that it paid $1.65 billion for in 2006, and today’s deal should help give its advertising revenues a nice little bump.

Time Warner will sell ads for the clips, and give a percentage of that advertising money to Google, but there was no specifics made as to what share each company would be getting from the advertising revenues.

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