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Google dropped idea of buying newspaper

Eric Schmidt: Google dropped idea of buying newspaper

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 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 search and advertising company, he said, was “trying to avoid crossing the line” between technology and content.

URL: http://www.hackinthebox.org/index.php?name=News&file=article&sid=31434

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