日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global General

Special

Newsmaker

Asia Pacific

America

Middle East

Europe

Africa

Google dropped idea of buying newspaper: CEO

(Agencies)
Updated: 2009-05-21 13:12

WASHINGTON – Google considered buying a newspaper but dropped the idea, the head of the Internet search giant said in an interview with the Financial Times.

Google considered buying a newspaper but dropped the idea, the head of the Internet search giant said in an interview with the Financial Times. [Agencies]

Google chairman and chief executive officer Eric Schmidt said the California company had also considered using its charitable arm, Google.org, to support news businesses seeking non-profit status but was now unlikely to do so.

He told the FT that Google had looked at buying a newspaper but concluded that potential acquisition targets were too expensive or carried excessive liabilities.

The Mountain View, California-based search and advertising company, he said, was "trying to avoid crossing the line" between technology and content.

Instead, Google was working with The Washington Post and other newspapers to improve their online products and with publishers to make their websites "work better" for online advertising, Schmidt said.

He told the FT that "clever ideas" about sheltering newspapers in non-profit structures had been suggested to Google.org but "are unlikely to happen without some massive, massive set of corporate bankruptcies."

Related readings:  Google CEO urges grads: 'Turn off your computer'  Google Ocean shows the effects of climate change  Google to reshoot Japan after privacy complaints  Old Japanese maps on Google Earth unveil secrets  Google logs into free music search in China

US newspapers have been grappling with a steep drop in print advertising revenue, steadily declining circulation and the migration of readers to free news online.

The FT said Schmidt would not comment on reports this month that Google had been approached about buying a 20 percent stake in the New York Times Co. owned by hedge fund Harbinger Capital Partners.

It said Schmidt played down industry calls for Google to increase the amount of revenue it shared with news organisations whose content appears on Google News, saying it would have to take money from "another pocket" to do so.

The Google CEO also said it was highly unlikely that people would pay for general news on the Web when so much was available for free.

Subscriptions and micro-payments would work for specialised content, he said, but were unlikely to do so for general news such as political reporting.

Rupert Murdoch's News Corp. is among the media groups which have announced plans recently to begin charging readers on the Internet.

The FT said Schmidt, whose name has been mentioned as a possible candidate for governor of California, also ruled out any political ambitions.

"I can assure you I'm not going to run for politics," he said. "There is no second life after Google."