Dow Jones chief: Google a 'digital vampire'
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In a keynote address to the PricewaterhouseCoopers Entertainment and Media Outlook event Tuesday, Dow Jones CEO Les Hinton compared Google to a vampire, sucking the blood out of the newspaper industry, according to Crain's New York Business.
“There is a charitable view of the history of Google,” said Mr. Hinton, who is also publisher of The Wall Street Journal. “[It] didn’t actually begin life in a cave as a digital vampire per se. The charitable view of Google is that the news business itself fed Google’s taste for this kind of blood.”
That era of "feeding itself" to Google and other news aggregators may be coming to an end. News Corp. chief Rupert Murdoch last month told investors that more of his company's Web sites would be following The Wall Street Journal's lead and erecting pay walls. On the same earnings call, Murdoch expressed interest in an ebook reader to challenge Amazon's Kindle.