Google not in the 'Content' Business

Friday, November 6, 2009

By: Chris Mars

Recent rumors about Google's plans to buy the New York Times are dismissed by the Google CEO, Eric Schmidt. The interview explains Google's decision to stay away from the "content" business and instead "focus on being a supplier of platforms." Schmidt stressed the fact that they need the content but they are "better off powering it, not writing and owning it."

This is positive to see Google turn down this opportunity and realize their abilities. Although, it would make for a pretty interesting and powerful marriage. Even though Google had a solid reason to turn down the opportunity, could this be a nice way for Google to say the New York Times' future isn't worth the risk?

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Better-Than-Expected Profit Is Reported by News Corp.

By Laura Reid

Fox News Corporation has reportedly had a profit this recent quarter, mainly from their television networks and movie studio.

Fox News mogul Rupert Murdoch has said that the cable channels that he owns have grown in profit because cable channels are now taking over most of the ratings as compared to local networks. While the News Corporation was down in revenue a couple million dollars, the net income was up 11 percent from a year ago.

Most of this money I think is coming from the recent events dealing with the White House. No other major network has been able to boast such profits, and that's because they are not butting heads with the Obama Administration. Murdoch's newspapers, The Wall Street Journal and The Dow Jones, are not doing well. It's all about the entertainment for viewers which is why I think Fox was able to succeed this past quarter. I would wait until everything has died down between these two groups before they continue to boast good profits.

(photo credit: mroach)


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