Son of Five Rivers Blog

For the advancement of Entrepreneurship, Sustainability & the Ecology of Everyday Life

Google Strikes Back at Rupert Murdoch!

Eric Schmidt, CEO of Google, strikes back at Rupert Murdoch in an op-ed piece in the Wall Street Journal (which is owned by Rupert Murdock by the way). Before we get to the good stuff I’ll quickly explain who Rupert Murdoch is for those who don’t know.  He owns lots of media outlets (Newspapers, Magazines, Radio Stations, TV Networks, Cable & Internet Companies etc.) He is the founder, a major shareholder, chairman and managing director of News Corporation (News Corp).  He’s been in the news lately because he wants to ban Google from searching his sites and has been trying to make an agreement with Bing (Microsoft).  I don’t think he should be able to control the message people can and cannot hear.  I think and I hope he loses big on this!

With dwindling revenue and diminished resources, frustrated newspaper executives are looking for someone to blame. Much of their anger is currently directed at Google, whom many executives view as getting all the benefit from the business relationship without giving much in return. The facts, I believe, suggest otherwise.

Google is a great source of promotion. We send online news publishers a billion clicks a month from Google News and more than three billion extra visits from our other services, such as Web Search and iGoogle. That is 100,000 opportunities a minute to win loyal readers and generate revenue—for free. In terms of copyright, another bone of contention, we only show a headline and a couple of lines from each story. If readers want to read on they have to click through to the newspaper’s Web site. (The exception are stories we host through a licensing agreement with news services.) And if they wish, publishers can remove their content from our search index, or from Google News.

here’s even better stuff:

It’s understandable to look to find someone else to blame. But as Rupert Murdoch has said, it is complacency caused by past monopolies, not technology, that has been the real threat to the news industry.

Kudos to the WSJ for running the piece—assuming some editor didn’t lose his or her job for doing this. I just can’t wait to watch Google and News Corp go at it.

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December 4, 2009 - Posted by | Ads, Blogging, Business, Business Development, Economics, Entrepreneurship, Government, Information Technology (I.T.), Inspiration, Marketing, Politics, Search Engine Optimization (SEO), Social Media, Sustainable Community Development, War, Website |

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