Chernin says MySpace does more to track and filter copyrighted material than Google does. Neither are immune to lawsuits over the issue. News Corp is being sued by Universal Music Group. Google of course is being sued by Viacom.
Google for their part leaves it up to the content owner to notify them if a video violates copyright. They do remove the content but don’t filter or actively police content like MySpace does now. At the urging of Universal Music Group, MySpace added filtering software (but it wasn’t enough to avoid the lawsuit).
As I alluded to in a previous post, social networks are problematic for advertisers and on legal issues. New media is a bit cavalier at times while traditional media scrambles to understand and recover from a fragmented market and new ways of doing business online where boundaries frequently blur.