Sunday, April 26, 2009

Eric Schmidt on Google's New Plan for the News

Sharon Waxman writes:

The crumbling world of newspapers is looking to Schmidt in the hopes of convincing him to save the New York Times by buying it, or the Washington Post, before they sink into insolvency. Google has helped destabilize the world of printed information, goes the argument, it should now step in to save it.

Schmidt is distinctly aware of the newsprint meltdown going on in an information world dominated by his company, and that this system only works as long as there is someone to report the news that his system delivers to readers.

I asked if the rumors I’d heard, that Google was changing its mind about getting involved with creating original content, were true.

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