To be fair, Youtube could have been so much more. For example they recently removed the video response feature while claiming the click-through rate was abysmal - it probably was because the focus of Youtube is more like "Newtube". TV now means on demand and broadcast via internet/web, simple and boring as that.

Youtube would have died by itself.

Or imagine what Yahoo would have done to it post acquisition.

I know Apple would have called at iTube & put a price tag of $0.99 on all decent ones :)