Vevo music video service hits the Web Dec. 8 - USATODAY.com

NEW YORK — Rio Caraeff isn't just preparing to introduce a new company on Dec. 8 when he launches Vevo, a long-awaited online music video service backed by Vivendi's Universal Music and Sony Music.

His effort to build a business around one of the Internet's most popular video genres represents a new focus for the beleaguered music industry – one in which advertisers are more important than retailers...