Witness this quote:
- "If all of the newspapers in America did not allow Google to steal their content, how profitable would Google be?" Zell said during the question period after his speech. "Not very."
Let me count the ways this statement is wrong:
- Google doesn't steal anyone's content. Nope, they take a very short amount--around 200 characters including spaces--on Google News.
- You can opt out of Google News AT ANY TIME.
- Google News has NO ADVERTISING ON IT!
- That has no impact on Google's bottom line--they make their money from people running Google Adsense on their websites and Google's own sites.
- That only sends more traffic to newspapers--making them more money.
- Google doesn't sell display advertising on their site, so advertisers ARE FORCED to spend their money on the newspaper's site.
Additionally: Shame on Frank Ahrens and Karl Vick of the Washington Post for not pointing out these VERY OBVIOUS FACTUAL ERRORS. Really guys--your job is correct people when they make huge incorrect statements like this--not plaster them in the Washington Post.
Google is not the problem with newspapers--Google is part of solution. If you want to point out why newspapers are failing look at:
- a) the huge overhead at newspapers
- b) the legions overpaid middle and upper management at newspapers
- c) the slow pace of innovation at newspapers
- d) the inability of newspapers to sell online advertising when compared to web companies
- e) the inability of news organizations to evolve their one-way medium into a two way medium which draws in a new generation which craves interaction and debate
- f) the inability of newspapers to compete with Craigslist
End Rant.


41. Jason, forget the fact that it's they're, and not their in "Sam Zell is going to lose billions on newspapers and the Washington Post has no idea what their talking about."
Just wanted to suggest that you should add a disclosure that you're involved with Sequoia, who is a major investor in Google. Regular readers might know that, but when you attack Mr. Zell's comments, you will invariably get a bunch of new folks to your site (sympathetic to his views, perhaps) who might otherwise not know of the connection. You wouldn't want that lack of disclosure to be the commentors main bone of contention.
Just a suggestion.
Posted at 4:19AM on Oct 7th 2007 by ashkan karbasfrooshan