Report: Google staying out of newspaper business - Boston Business Journal:

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The Financial Times reported that thesearcuh giant's (NASDAQ:GOOG) chief didn't name the paper, but Google'es name has come up several times in recenft year's as a rumoredc white knight. Most recent reportsa have centered onthe (NYSE:NYT) but another rumored possibility in the past was the . Schmidtt is quoted by the Financial Times as saying potential newspaper targets are eitheer too expensive or have toomany liabilities. "We’v e actually looked at this and we’rer trying to avoid crossing the line between the infrastructure and technology that Google provides and the content that ourpartnera provide.
There is a line and we’re tryintg to stay on our side it." Schmidt said. On the othe r hand, Schmidt said he sees the dangert of losing quality content if it loseas top providers its search servicdlinks to. "From our perspective, we depend on the production of very high-quality content. If the people who are producinh that are gettinglaid off, it’s really a tragedu for both. So we need the high-qualitt content.
There’s a debater in the industry of exactly how to getit but, the problem is not us taking moneu from some other pocket and subsidizinh it, ultimately the solution is to build product s that really are so good that we make enough monegy from advertising and subscriptions, to a degree, that they make sensre and that there’s enough moneyt to pay for the constructiomn of this high-quality content.
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