Is Google a menace to media companies?
That’s the subject of an article in the NY Times. The article begins:
GOOGLE: mate or menace? That is the burning question of the week — heck, probably of the year — for ye olde media companies.
In the last few weeks an enormous swarm of activity has been coming out of the Googleplex beehive in Mountain View, Calif. — much of it aimed squarely at preparing the search company to move its phenomenally lucrative advertising business beyond Web pages and into video, newspapers and radio.
No one really knows what’s going to happen to the old media such as newspapers but clearly there is a major upheaval in progress. Newspapers as we know them may not survive but one very important thing must not be forgotten. Google and many other Web services are parasitic. They do not generate original information or go out and gather the news on the scene. They do not create. They collect and publish the work of others. If Google and other aggregators suck up all the advertising revenue and kill the original sources, where will they get their material?
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