True Blood: WSJ publisher calls Google a "digital vampire" with "fangs," "sucking blood" out of publishing biz
In a recent discussion of why his newspaper business is failing, Dow Jones Chief Executive Les Hinton called Google a 'digital vampire." Presumably, this makes the Wall Street Journal and other Dow Jones publications zombies, because their antiquated business models amount to a dead man walking.Snip:
"[Google] didn't actually begin life in a cave as a digital vampire per se. The charitable view of Google is that the news business itself fed Google's taste for this kind of blood."Boy I'm gonna be pissed if this is just another stealth marketing campaign for True Blood.By offering its content free on the Web, the newspaper industry "gave Google's fangs a great place to bite," he continued. "We will never know what might have happened had newspapers taken a different approach."
WSJ publisher calls Google "Digital Vampire" (Crains NY, via Siva V.)
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