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Will Google Buy The New York Times?
By Andrew Sargus Klein
DEC 10, 2008, 10:29AM
Excerpt:
A new favorite recipe for salvation that’s kicked around the blogosphere involves none other than Google. The Times has an estimated price tag of $3 to $4 billion. (Rupert Murdoch paid $5 billion for Dow Jones, The Wall Street Journal’s parent company.) A fistful of billions, even in this economy, might not be too big of a dent in Google’s bottom line and, it’s argued, the ends would soon pay back the means. The anonymous blogger at Dear John Thain divided his pro-acquisition reasons into four points: it would give Google an even more highly integrated advertising model; if Google distributes the Times, it takes in the paper’s ad revenue while also moving the medium away from dead trees; the Times’ push to personalize content couldn’t be better supported by Google; the Times’ product—the news—is priceless, and it would benefit Google and the rest of us if it stayed available.
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