Youtube has an auto Closed Caption editor: CaptionTube

[handyguy]

Wonderful new tool check it out. allows export of CC data.

CaptionTube is a utility for adding closed captions to YouTube videos. After you import a video, you play the video and add captions as needed. When you are done, you export the captions and then upload to YouTube.
Why is it better than watching YouTube and editing my captions in a text editor?

CaptionTube provides improved precision with a scaleable timeline. You can also make changes to captions and preview them immediately. It also allows you to create multiple language tracks.
http://captiontube.appspot.com/

I believe that this is based on another free application where, if you get a text of what is said in your video & run it through the program & it auto syncs it to add captions automatically.

[ricardouk]

I believe that this is based on another free application where, if you get a text of what is said in your video & run it through the program & it auto syncs it to add captions automatically.

i use it quite often its divxland subtitler