No newspaper buy for Google
By Nicole Kobie in Editorial
Posted in Uncategorized on
Google has decided it’s not going to be picking up any newspapers after all.
There was speculation Google might buy a failing paper (or support a charity set up to help papers move to non-profit status), but chief exec Eric Schmidt told the FT that wasn’t likely to happen.
While there are several good reasons for Google not to buy a newspaper — they’re going out of business, Warren Buffet warned against it, they hate you — Schmidt told the paper that his firm was “trying to avoid crossing the line” between being a tech/web firm and offering content.
But he might end up paying for content somehow in the long run, anyway, as the news industry has long been calling for the search giant to share some revenue it makes off Google News.
Schmidt seems to be looking to a different, mutually-beneficial solution instead. He said the experts at his firm were working with papers, including the Washington Post, to help them improve their web offering. News? On the web? Who’da thunk of that?
For the full interview, including video, full transcript and other newspaper unfriendly extras, check out the FT’s website… Hey, maybe this online news thing can work…
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