Digital Media Buzz > Google ‘Sucking the Blood’ Out of Newspapers, Says WSJ Publisher

Google ‘Sucking the Blood’ Out of Newspapers, Says WSJ Publisher

By: adage.com

NEW YORK (AdAge.com) — It’s been called a “parasite” and a “tech tapeworm in the intestines of the internet.” And now, a “digital vampire.” Google just can’t get any love from the print folks — at least the ones who reside at The Wall Street Journal.

On Tuesday, Wall Street Journal Publisher and Dow Jones CEO Les Hinton told an audience at PricewaterhouseCoopers Entertainment and Media Outlook that Google was “sucking the blood” out of the newspaper business. He also alluded to a solution that would level the playing field, according to Crain’s New York Business, which covered the event. Jon Miller, chairman-CEO of News Corp.’s newly created Digital Media Group, is supposed to be spearheading that effort………[read entire story]