The Wall Street Journal extracted pretty much everything there is to extract from Eric Schmidt, the Google CEO, on the direction and challenges of media. Holman W. Jenkins Jr.'s extensive feature gives over much:
1. Google's focus is ensuring it doesn't lose its strangehold on Web advertising when searching is no longer as necessary.
2. It doesn't mind giving away the operating systems for Android --- if you get a billion people using a device, Schmidt notes, you can do something with it.
3. Brands will matter in the time ahead, which is good news for an otherwise lamentable situation for U.S. newspapers.
4. Targeted ads are the only way Schmidt sees salvation in what ails media economically.
5. Serendipity, that great surprise factor for the media consumer, now can be replicated electronically.
1. Google's focus is ensuring it doesn't lose its strangehold on Web advertising when searching is no longer as necessary.
2. It doesn't mind giving away the operating systems for Android --- if you get a billion people using a device, Schmidt notes, you can do something with it.
3. Brands will matter in the time ahead, which is good news for an otherwise lamentable situation for U.S. newspapers.
4. Targeted ads are the only way Schmidt sees salvation in what ails media economically.
5. Serendipity, that great surprise factor for the media consumer, now can be replicated electronically.
