GOOG Founders Could Buy All US Newspapers and Still Have $12bn
By Tom Foremski - September 22, 2008
Valleywag reports that entire US newspaper business is valued at $20 billion. Sergey Brin and Larry Page are worth about $16 billion each.
Foremski's Take: US newspapers didn't realize GOOG is a media company until it was too late. Google was able to scrape its content virtually for free, from newspapers and other web sites, and sell advertising around that content. Newspapers spend huge amounts of money to create their content.
Newspapers, and other media companies, have allowed Google to commoditize content, and retain the value in the aggregation and distribution.
Yet the technology for aggregation and distribution is a commodity -- content is not a commodity.
Once the content creators and owners realize that simple fact, then we might have a turnaround in the media sector. If not, then the media sector is next for a bailout--it is too important to fail.
September 22, 2008 | Permalink | Comment | Category: MediaWatch | Subscribe to SVW
- Top Stories:
- MediaWatch: More About Embargoes...
- MediaWatch: Mashable Is On A Tear - Continues To Widen Its Lead Over TechCrunch And Others
- Are There New Rules For Embargoes?
- Happy Birthday Dear Internet . . . The Internet Devalues Everything It Touches
- Our Local Schools Should Be Showcases Not Basket Cases - GOOG Ups Its Schools Focus
- Preparing For Spotify - Google Partners To Launch Music Service - Denies Competing With iTunes
- MediaWatch: An Example Of Data Journalism
- HP Facing First Ever Strike
- CPJ Announces Funding From Hedge Fund Manager Peter Thiel
- Smart Grid Innovation Competition Announced
- AT&T Technologies Showcase Includes "Telesole" Medicated Shoe Insoles
- CultureWatch: Should Cafes Become Cheap Office Spaces Or Places For Community Interaction?
Comments (1)
Maybe the SEC should ban shorting them along with the Yellow Pages too.
Posted: September 25, 2008 6:58 AM