Google boss refuses the idea of acquiring a newspaper

According to a report published in the Financial Times, Google boss Eric Schmidt has confirmed in an interview that the company has been planning for buying a newspaper. But in the same interview he also says that now they have decided against this idea, as the targets for this possible buyout are quite expensive as well as is full of liabilities. According to Schmidt, they are trying to avoid crossing the given line that can be seen in content and technology.

But they are working with striving publishers for the betterment of their website and looking to offer some new ways to make people websites work better.

Google boss also refused to admit what he has called clever ideas showed that they are looking to shelter the newspapers in nonprofit structures via Google.org foundation, and according to him, it is somewhat impossible to happen without huge corporate bankruptcies.

Earlier this month, two other reports have also emerged in the Washington Post as well as in Fortune which indicate towards investment and possible collaboration areas. Google and traditional news outlets seemed to have contentious history and they never liked that idea that they have to pay money for their content and once again Google seems quite keen to dig into news business for generating online content. But Google seems quite well aware of the fact that they need not to buy a cow when the milk is available so cheap.

Source: news.cnet