Google’s CEO takes to WSJ Op-Ed PagesPosted: December 3, 2009
Playing a little defense in the pages of Murdoch’s empire, Eric Schmidt dropped a good-sized Op-Ed in Thursday’s Wall Street Journal. The full piece (subscription required, I’m sure) is available over on WSJ’s Web site, but it is likely little surprise that I will agree with the following:
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.