Mobile, cloud computing and networking are where the action is, he suggests, and newspapering will before long move to digital devices --- although they need to be more sophisticated and useable than the first ones.
The Internet was the most disruptive technology of all time, offering abundance and essentially turning everything on its ear, but Schmidt isn't ready to write off paywalls or suggest the algorithms that produce Google results are the end-all.
Indeed, he has been stating lately --- and did again Thursday --- that personalized news doesn't leave open serendipity. Advertising, though, will be much more personalized.