What does Schmidt of Google think about newspaper idea?
Google news CEO Eric Schmidt wishes he could rescue newspapers. By Adam Lashinsky, editor at large Last Updated: January 7, 2009: 3:48 PM ET Google CEO Eric Schmidt wants newspapers to survive. Bad news for newspapers More VideosGoogle guru: Internet challenges More VideosMore from Fortune Chrysler dealer: ‘They’re making it impossible’ Score one for the small banks A (positive) view from the showroom FORTUNE 500 Current Issue Subscribe to Fortune (Fortune Magazine) — Metaphorically speaking, Google is killing the newspaper industry. Online news is quickly hollowing out the traditional paper – the Christian Science Monitor eliminates its print edition, Tribune Co. declares bankruptcy, Detroit’s two dailies slash home delivery to three days a week – while Google rakes in advertising profits. Turns out that Google CEO Eric Schmidt professes a passionate desire to lend a hand. In an interview with Fortune’s Adam Lashinsky, he shares some thoughts on how newspapers might yet survive – and
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