Google considered buying a newspaper but dropped the idea, the head of the Internet search giant said in an interview with the Financial Times (FT) published on Wednesday.
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 company was “trying to avoid crossing the line” between technology and content, he said.
Instead, Google was working with the Washington Post and other newspapers to improve their online products and with publishers to make their Web sites “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.”
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, which is 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 organizations whose content appears on Google News, saying it would have to take money from “another pocket” to do so.
He 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 specialized content, he said, but were unlikely to do so for general news such as political reporting.
The Central Weather Administration (CWA) yesterday said it expected to issue a sea warning for Typhoon Fung-Wong tomorrow, which it said would possibly make landfall near central Taiwan. As of 2am yesterday, Fung-Wong was about 1,760km southeast of Oluanpi (鵝鑾鼻), Taiwan’s southernmost point, moving west-northwest at 26kph. It is forecast to reach Luzon in the northern Philippines by tomorrow, the CWA said. After entering the South China Sea, Typhoon Fung-Wong is likely to turn northward toward Taiwan, CWA forecaster Chang Chun-yao (張峻堯) said, adding that it would likely make landfall near central Taiwan. The CWA expects to issue a land
The Central Weather Administration (CWA) yesterday said it is expected to issue a sea warning for Typhoon Fung-wong this afternoon and a land warning tomorrow. As of 1pm, the storm was about 1,070km southeast of Oluanpi (鵝鑾鼻), Taiwan’s southernmost point, and was moving west-northwest at 28 to 32kph, according to CWA data. The storm had a radius of 250km, with maximum sustained winds of 173kph and gusts reaching 209kph, the CWA added. The storm is forecast to pass near Luzon in the Philippines before entering the South China Sea and potentially turning northward toward Taiwan, the CWA said. CWA forecaster Chang Chun-yao (張峻堯) said
PREPARATION: Ferry lines and flights were canceled ahead of only the second storm to hit the nation in November, while many areas canceled classes and work Authorities yesterday evacuated more than 3,000 people ahead of approaching Tropical Storm Fung-wong, which is expected to make landfall between Kaohsiung and Pingtung County this evening. Fung-wong was yesterday morning downgraded from a typhoon to a tropical storm as it approached the nation’s southwest coast, the Central Weather Administration (CWA) said, as it issued a land alert for the storm. The alert applies to residents in Tainan, Kaohsiung, Pingtung and Taitung counties, and the Hengchun Peninsula (恆春). As of press time last night, Taichung, Tainan, Kaohsiung, and Yilan, Miaoli, Changhua, Yunlin, Pingtung and Penghu counties, as well as Chiayi city and county had
The Central Weather Administration (CWA) yesterday issued a sea alert for Typhoon Fung-wong (鳳凰) as it threatened vessels operating in waters off the Pratas Islands (Dongsha Islands, 東沙群島), the Bashi Channel and south of the Taiwan Strait. A land alert is expected to be announced some time between late last night and early this morning, the CWA said. As of press time last night, Taoyuan, as well as Yilan, Hualien and Penghu counties had declared today a typhoon day, canceling work and classes. Except for a few select districts in Taipei and New Taipei City, all other areas and city
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